Key Highlights
Bitcoin rose as high as $72,728 after news of a two-week U.S.-Iran ceasefire, before easing back from the session peak.
U.S. stock futures rallied sharply, with Nasdaq 100 futures up more than 3% in early trading as markets moved into risk-on mode.
Oil prices fell around 16% as the ceasefire reduced fears of a longer disruption in the Strait of Hormuz.
Crypto-linked stocks moved higher in pre-market trading on April 8 after a two-week ceasefire between the United States and Iran triggered a broader relief rally across global markets. Bitcoin climbed above $72,700 at its intraday high, extending gains alongside equities as traders reacted to lower geopolitical risk and a sharp drop in oil.
The move came as investors rotated back into higher-beta assets. U.S. futures pointed strongly higher before the opening bell, with the Nasdaq 100 leading gains, while volatility eased and crude retreated as supply fears around the Strait of Hormuz began to unwind.
Gold also advanced, but reports pointed to a rise of about 2%. At the same time, energy stocks lagged as crude prices fell, while broader risk assets, including crypto and tech, benefited from the de-escalation.
