Bitcoin jolted modestly higher on Iran ceasefire report; oil tumbles 4%

A down day in crypto became slightly less so in the minutes since U.S. stocks closed for the session. According to Israeli Channel 12, a one-month ceasefire could soon be announced as part of a package being negotiated by White House envoys Steve Witkoff and Jared Kushner. Other terms of the deal reportedly include a dismantling of Iran's existing nuclear capabilities and that country's vow to "never seek" nuclear weapons. The news was felt most immediately in the oil market, with Brent Crude dropping from $104 to below $100 in a few minutes. Trading down throughout the day and sitting near $69,000, bitcoin BTC$70,330.93 quickly popped back to $70,000. U.S. stock index futures also posted small gains on the news. More For You Riding the crypto boom to become one of the 2025's hottest stocks, HOOD has shed more than 50% of its value since bitcoin topped in early October. What to know: