Crypto Market Rises as Iran Calls for Full End to War, Not Just a Ceasefire

The crypto market is up today, surpassing a $2.4 trillion market cap as Iran has signaled it wants to work with the U.S. and Israel towards ending the war rather than just a ceasefire. Iran has also outlined five conditions that the U.S. needs to agree to before the war can end.

Crypto Market Recovers as Iran Demands End To War

The total crypto market cap is almost 2% today, rising to $2.43 trillion from yesterday’s low below $2.4 trillion, according to TradingView data. Bitcoin has surged above $71,000 and rallied to almost $72,000 amid this market recovery.

Other crypto prices have recorded significant gains, with major altcoins Ethereum, XRP, and Solana up over 2%. This crypto market recovery comes amid Iran’s demand for a complete end to the war, which is in its fourth week, rather than just a ceasefire.

Iran’s news agency Fars, citing a source familiar with the matter, reported that Iran had rejected the ceasefire proposal and called U.S. talks “illogical.” The U.S. has put forward a 15-point plan, which borders on Iran’s nuclear program, with demands for zero uranium enrichment, missile limits, and also that Iran reopens the Strait of Hormuz.

This follows comments from U.S. President Donald Trump yesterday that peace talks with Iran were progressing well. As CoinGape reported earlier today, the U.S.-Iran peace talks remain in limbo as Iranian officials told mediators that Trump is tricking them again amid stalled peace talks.

It is worth noting that the crypto market remains at risk of downside pressure as the U.S. continues to deploy more troops to the U.S., signaling that sending troops into Iran remains a possibility. Israel has also continued to carry out strikes against Iran amid the peace talks.

Iran Outlines Conditions To End War

Iran described the U.S. demands as “excessive,” while stating that they will not allow Trump to dictate when the war ends. According to a Press TV report, Iran has also outlined five conditions to end the war, and that there won’t be talks with the U.S. until these conditions are met.

The crypto market slightly retraced on the back of these demands, with the Bitcoin price falling to the lower $71,000 range. These demands include a complete halt to “aggression” and “assassination” by the U.S. and Israel, assurances that the U.S. and Israel won’t restart the war, payment of damages and reparations.

Furthermore, Iran has demanded an end to fighting across all fronts and wants international recognition as having authority over the Strait of Hormuz. It remains uncertain if the U.S. will agree to these conditions. However, crypto market participants predict that the Iran war could still drag on beyond April at the least. The odds of a ceasefire by April are currently at 46%, according to Polymarket data.