![[aggregator] downloaded image for imported item #8126](https://lykcrypto.com/wp-content/uploads/2026/03/2180f062d339af02b2052281b305e8f75b13fdef-1920x1281-1.jpg "Bitcoin jolted modestly higher on Iran ceasefire report; oil tumbles 4%")
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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 quickly popped back to $70,000. U.S. stock index futures also posted small gains on the news.