Crypto markets rallied after the U.S. and Iran agreed terms to halt the war and reopen the Strait of Hormuz, easing one of the biggest macro pressure points that had weighed on risk assets fo
Crypto markets rallied after the U.S. and Iran agreed terms to halt the war and reopen the Strait of Hormuz, easing one of the biggest macro pressure points that had weighed on risk assets for weeks.
Bitcoin traded around $66,800, up nearly 4% on the day, while Ethereum moved back above $1,800 for the first time in 10 days, rising close to 10%. The rebound spread quickly into large-cap altcoins, with XRP up almost 9% near $1.24 and Cardano gaining more than 12% near $0.188.
The move followed a sharp shift in the geopolitical backdrop. The deal is expected to be formally signed in Switzerland, while the nuclear issue and broader sanctions questions remain set for later negotiations. Even with those open points, markets reacted to the immediate drop in escalation risk, lower oil stress and the prospect of shipping resuming through one of the world’s most important energy routes.
Crypto had already lagged the first relief move after Trump’s strike reversal sent peace chatter and markets higher. Monday’s rally looked more aggressive, with sidelined capital rotating beyond Bitcoin and Ethereum into assets that had absorbed heavier selling during the conflict.
The strongest moves came from previously beaten-down sectors. A Santiment market update highlighted Zcash up 23% and NEAR Protocol up 17% over the past day as traders moved back into high-beta crypto assets.
Live market quotes later showed ZEC even stronger, trading near $532 after a gain of more than 25% on the day. NEAR traded around $2.48, up roughly 19%. ZEC’s move also built on its separate recovery narrative after the late-July Ironwood upgrade target gave the privacy coin a clearer technical path following the Orchard vulnerability shock.
The rotation shows how heavily fear had been priced into crypto during the conflict. Assets that sold off hardest often rebound fastest when the immediate macro threat fades, especially when liquidity returns during a broad risk-on move.
The latest rally does not erase all risk. The U.S.-Iran agreement still needs formal signing, and future talks around Iran’s nuclear program, sanctions and regional security remain unresolved. That leaves traders watching whether the relief bid can survive beyond the first headline reaction.
Still, the market response was clear. Bitcoin moved back toward the upper-$60,000 area, Ethereum reclaimed a key psychological level, and altcoins outperformed as risk appetite returned. The same geopolitical pressure that helped drag markets lower after the Nasdaq 100 dropped on renewed Iran risk is now working in reverse as traders price a calmer macro backdrop.
For crypto, the next signal is follow-through. If Bitcoin holds near $67,000 and Ethereum stays above $1,800, the relief rally could keep shifting attention toward liquid altcoins such as XRP, ADA, ZEC and NEAR. If the agreement stalls before the formal signing, the same geopolitical premium could return quickly.
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