Optimism over the Iran-U.S. ceasefire helped drive a broad rebound in U.S. stocks, and Bitcoin rose to a three-week high.

After the United States and Iran reached a ceasefire agreement, a wave of optimism swept through global financial markets, and the S&P 500 rose 2.51%. U.S. crude oil prices (WTI) settled below $95 per barrel, easing market concerns about an energy crisis and boosting expectations that the Federal Reserve will cut rates in 2026. Bitcoin (BTC) once surged by 5%, reaching $72,841, the highest level in three weeks

The U.S. and Iran agreed to a two-week ceasefire, prompting hedge funds to rush to close their short positions

About 90 minutes before the final deadline set by U.S. President Trump for Iran to agree to a ceasefire and reopen the Strait of Hormuz, a two-week ceasefire agreement was announced to have taken effect. Although reports of hostile actions in the region continue, the deal helps ease concerns about a global economic crisis.

The White House said that Vice President Vance will lead a delegation to visit Pakistan later this week to hold talks with Iran on a lasting peace agreement.

According to the trading division of Goldman Sachs, hedge funds are competing to close their short positions in the U.S. stock market, and the speed is something the market has never seen since the rebound after the stock-market crash triggered by the COVID-19 pandemic in March 2020.

Tonight, the U.S. will release PCE and initial jobless claims

The Federal Reserve’s March policy meeting minutes show that most officials are worried that a long, drawn-out war will harm the job market and that interest rates need to be lowered. At the same time, many policymakers emphasized inflation risks.

The Personal Consumption Expenditures Price Index (PCE), which will be released today, is the Federal Reserve’s preferred indicator for measuring inflation. In addition, weekly initial jobless claims will also be released tonight.

Bitcoin rebounds to 72K, as ETF funds gradually return

Fueled by optimism over the U.S.-Iran ceasefire, Bitcoin rose as much as 5%, reaching $72,841, the highest level since March 18. Ether rose as much as 7.5% to $2,273.

The surge in Bitcoin’s price caught traders who had bet on its decline off guard; over the past 24 hours, positions totaling $250 million were closed.

On 4/6, U.S.-listed spot Bitcoin exchange-traded funds (ETFs) recorded net inflows of $471.3 million, higher than last week’s $22.3 million, sharply contrasting with the nearly $300 million net outflow from the previous week. In March, net inflows for such ETFs totaled about $1.3 billion, as the market stabilized after four straight months of net outflows that began in November 2025.

A report from blockchain data firm Glassnode said that spot trading remains weak; for now, this looks more like early market stabilization rather than a full return of institutional demand.

This article, “Optimism over the U.S.-Iran ceasefire drives a broad rebound in U.S. stocks as Bitcoin rises to a three-week high,” was first published at Chain News ABMedia.