Trump’s Iran Decision Sparks $350 Billion Stock Market Frenzy, But Bitcoin Extends Losses

Axios reported a draft US‑Iran 60‑day ceasefire that sent US equities to record highs, adding roughly $350 billion in market value within 15 minutes as traders priced in reopening of the Strait of Hormuz and potential sanctions relief. The rally is conditional on final sign‑off from President Trump and Iran’s leadership, leaving gains vulnerable to political reversal. Risk assets diverged: the US SP 500 rallied (near all‑time highs) while Bitcoin fell sharply, trading around $72,890 and down nearly 5% over 24 hours. Treasury reiterated that sanctions and the naval blockade remain in place until a formal agreement is signed, underscoring policy risk. Market direction now hinges on whether the deal is finalized and how quickly shipping and oil flows normalize, which could sustain risk appetite or trigger a reversal.