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Crypto and stocks add to gains as Trump says
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Crypto and stocks add to gains as Trump says
Crypto and stocks add to gains as Trump says Iran war could be over soon
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Crypto and stocks add to gains as Trump says Iran war could be over soon
It's been a historic 24 hours for crude oil, which soared to $120 per barrel overnight on Iran worries, but has plunged back to just above $80.
By Krisztian Sandor, Helene Braun|Edited by Stephen Alpher
Updated Mar 9, 2026, 7:51 p.m. Published Mar 9, 2026, 7:48 p.m.
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What to know:
- Crypto assets, including crypto-related stocks extended their gains on Monday afternoon after U.S. President Donald Trump said the war with Iran could be over soon.
- U.S. equities rose sharply following the news, erasing early morning losses.
- Similarly, crude oil fell to $86 from around $116 as a result of Trump's comment.
A wild 24 hours continued in all markets after President Trump said the war against Iran could be over soon.
The action against Iran is "very far ahead" of what was expected to be a four-to-five-week time frame, said Trump in late-afternoon comments. He is expected to give updates on the situation at 5:30 pm ET.
Already in the midst of a sharp reversal higher after plunging Sunday evening as oil soared as much as 30%, crypto and equity markets added to gains following the comments.
Just ahead of the close, the Nasdaq was ahead 1.25% and S&P 500 0.8%. Bitcoin BTC$68,904.97 at just above $69,000 was up 2.4% over the past 24 hours.
Oil, meanwhile, tumbled even further. After rising as much as 30% to $120 per barrel on Sunday evening, WTI crude plunged all the way back to $85, now lower by 6% for the day.
Oil's historic day (finviz)Crypto-related stocks added to Monday's gains, with Circle (CRCL) up 10% while Strategy (MSTR) and Coinbase (COIN) were 5% and 2% higher, respectively.
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Bitcoin could be the big winner if the U.S.-Iran conflict drags on for months
Macro strategist Mark Connors says war-driven spending, rising debt and lower interest rates could support bitcoin.
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