Donald Trump Extends Iran Ceasefire Indefinitely as Strategy Buys 34,164 BTC

Bitcoin rose to $78,100 after President Donald Trump announced he would extend the ceasefire with Iran indefinitely, with Strategy revealing the purchase of 34,164 BTC for $2.54 billion.

“Hyperliquid, Uniswap and Worldcoin buck crypto slump as traders chase AI, DeFi trends A handful of tokens continued their run while bitcoin and the rest of the crypto market stalled after the early week bounce”

@coindesk

CoinDesk said Bitcoin was breaking the volatility caused by the Iran headlines, topping $78,000 on Wednesday morning and rising 2.2% in 24 hours and 4.3% for the week.

@coindesk

The same report put Ether up 2.1% to $2,366, BNB climbed 1.3% to $640, and Solana gained 1.8% to $87 while S&P 500 futures rose 0.5% and Nasdaq-100 futures gained 0.6%.

CoinDesk also tied the market move to Strategy’s acquisition, calling it the company’s largest bitcoin acquisition since November 2024, and noted the purchase lifted Strategy’s holdings to 815,061 BTC.

CoinDesk framed the next test for the rally around whether Bitcoin could hold at $77,000 during the European session as markets price the ceasefire extension versus ongoing disruption of the Strait of Hormuz.

While Bitcoin and most of the crypto market stalled after the early week bounce, the CoinDesk alternative report said Hyperliquid, Uniswap and Worldcoin buck the slump as traders chased AI and DeFi trends.

It reported that HYPE surged as much as 13% to a fresh record above $76 before paring some gains, and said Worldcoin’s WLD token gained 12% with its monthly advance roughly 180%.

Pluang

The same CoinDesk alternative piece said Uniswap’s UNI token surged another 18% after Standard Chartered initiated coverage on Monday with a highly bullish long-term outlook on the protocol.

It also quoted Geoffrey Kendrick, the bank’s head of digital asset research, arguing that decentralized finance (DeFi) could become one of crypto’s biggest growth stories, and said Kendrick initiated coverage with a $100 price target for UNI by 2030.

The report linked Worldcoin’s momentum to renewed enthusiasm around AI-related investments after the strong market debut of SpaceX, which also owns AI company xAI, and growing expectations that OpenAI could eventually pursue a public listing.

CoinDesk said global cryptocurrency funds attracted $1.4 billion last week, the week with the largest inflows since mid-January, with Bitcoin attracting $1.12 billion and Ethereum $328 million.

“The HYPE token experienced a significant 12% increase in value within 24 hours, reaching approximately $75”

Pluang

The same report cited CoinShares data and added that Chainlink saw $5 million inflows and Sui $2 million, while XRP saw outflows of $56 million and Solana $2 million even as both posted price gains.

CoinDesk also described two structural signals, saying Bitcoin was above the short-term holders' realized price around $69,400 according to CryptoQuant’s pseudonymous analyst Darkfrost.

It further reported that a Nomura survey found 65% of Japanese institutional investors now hold bitcoin for portfolio diversification, with 31% seeing the market outlook positively and most planning allocations of 2% to 5% over the next three years.

CoinDesk said whether Bitcoin could hold at $77,000 depended on how markets priced the ceasefire extension versus disruption of the Strait of Hormuz, and it laid out a clear breakout level at $80,000 and a pullback threshold below $75,000.