- Bitcoin price tested resistance around $68,000 amid gains in US stocks.
- The increase came amid investors’ comments on President Trump’s comments on the Iran war.
- Analysts say Trump’s announcement this week could weigh more heavily than the economy’s economic output.
Bitcoin (BTC) was close to $68,000 on Monday as traders prepared for signs that could move the market this week.
The benchmark cryptocurrency rose as US stocks jumped amid reports that President Trump wants to end the Iran deal.
As the broader market enters what many see as a “wait-and-see approach,” analysts warn that in addition to key economic releases, US President Donald Trump’s comments and events in Iran could be key to the next move in BTC and the crypto market.
Bitcoin recovers $68k amid Trump’s war comments
Bitcoin rose to resistance at $68,000 on Monday, March 30, 2026, reflecting a market rally that was triggered by President Donald Trump’s statement on ending US military operations in Iran.
The Dow Jones Industrial Average rose more than 300 points, while the S&P 500 and Nasdaq Composite gained 0.5% and 0.2%, respectively.
Investors interpreted Trump’s Social Truth post as a sign of easing amid the ongoing controversy.
“The United States of America is in serious negotiations with a new, transparent administration to end our war on Iran,” Trump said. has been sentadding that “great progress has been made.”
Trump, however, similar to what he wrote, dampened expectations.
He warned that if the US does not make an agreement with Tehran and there is no reopening of the Strait of Hormuz, the US will end its “beautiful presence” in Iran by bombing and destroying” the electricity grid, oil wells, and the island of Kharg.
The price of bitcoin
BTC found the middle of hope, trying to resist around $68,080. However, prices rose to near $67,770 as the early rally faded.
Analysts on the Greeks.live platform indicated that the long-term volatility of Bitcoin has dropped below 50%.
BTC has grouped around current pricesAnalysts say that the market has entered the “wait and see” phase.
More importantly, analysts think that Trump’s next statement on the Iran conflict could be the cause of instability.
“The market has entered a wait-and-see mode,” analysts said. “This Friday, the unemployment rate and non-farm payrolls are the most important, and while there is a lot of economic data this week, none of it carries as much weight as President Trump’s tweets.”
This emphasis comes from Trump’s great influence on the mind, and the ongoing war with Iran and the threat to the Strait of Hormuz, a major factor.
Hormuz is home to 20% of the world’s oil, and the blockade-related escalation has recently driven up energy prices and fueled fears of a price hike.
With the US military increasing its presence in the region, any post by Trump on Truth Social could trigger a quick reset.
From a technical point of view, BTC faces major resistance at $68,500, but a fresh break below $65,000 could allow the bears to target $62,000.
