Trump ceasefire post lifts stocks and eases oil; Bitcoin flat

Donald Trump posted on Truth Social on Monday about a potential ceasefire between Iran and Israel. U.S. equities rallied: the Dow Jones Industrial Average rose 0.7% before a modest pullback, and the S&P 500 finished up 0.9%. Oil prices cooled after running higher for weeks. Bitcoin opened and closed the day near $62,800 with little net change.

Markets moved after both sides issued independent confirmations of halted attacks. Iran’s Islamic Revolutionary Guard Corps announced a “halt in offensive strikes” and warned that any future Israeli attack would trigger a “much more severe” response. Israel confirmed it had suspended strikes on Iran and said it continues military operations against Hezbollah in Lebanon. The exchange followed Iran’s missile launch toward Israel on Sunday, June 7.

Traders removed part of a war premium that had been priced into markets since May. That repricing coincided with the immediate rally in equities and the easing in oil as market participants reassessed the near-term risk to shipments through the Strait of Hormuz.

Bitcoin showed a muted response to the ceasefire news. The token traded around $62,800 throughout the session, with no sustained intraday trend after the posts. In May, Bitcoin climbed from roughly $65,878 to above $82,000 as some investors treated it as a possible hedge against geopolitical risk, then later gave back those gains when an earlier ceasefire collapsed.

An earlier Truth Social post by Trump that included the phrase “I call the shots” coincided with a roughly 5% move in Bitcoin several days earlier; Monday’s post did not produce a comparable change. Analysts at Coinbase have warned that rallies tied to ceasefire headlines can be a “trap,” noting that traders who bought after April’s ceasefire later saw the situation reverse and gave back gains.

Market participants continue to monitor statements and actions from Iran and Israel for signs a halt will hold. Equity and oil prices responded quickly to the confirmations of halted offensive operations, while digital-asset traders showed more restrained positioning pending further developments.