The post Crypto Market Rebounds as Iran Reportedly Reaches Out To U.S. To End Conflict appeared on BitcoinEthereumNews.com.

The crypto market has rebounded today, with Bitcoin rallying above $71,000 for the first time since the start of last month. This comes as tensions between the U.S. and Iran ease, with reports that Iran had reached out to the U.S. to end the ongoing conflict. Crypto Market Rises Over 3% as Iran Seeks to End War TradingView data shows that the total crypto market cap is up over 3% today, rising to $2.40 trillion. Bitcoin has led the rally, rising to an intraday high of almost $72,000, its highest level since the start of last month. Source: TradingView; Crypto Market Daily Chart This follows a New York Times report that Iran had reached out to the U.S. to discuss ending the war. Iran reportedly made this offer to the Central Intelligence Agency (CIA) through its spy agency. U.S. President Donald Trump had notably mentioned earlier this week that Iran had reached out to negotiate, although he said it was too late. CoinGlass data shows that short positions have suffered the most liquidations amid today’s crypto market rebound. In the last 12 hours, $221 million has been liquidated from the market, with $177 million being short positions. Source: CoinGlass The BTC price had notably bounced to around $68,000 yesterday, even as the broader global markets declined, with stocks and gold tumbling. This came as spot investors bought the dip in hopes that the U.S.-Iran war would not last long. Institutional investors are also buying the dip, which is also a positive for the crypto market. SoSoValue data show that Bitcoin ETFs recorded daily net inflows of $225 million yesterday and have now recorded net inflows in five of the last six trading days. VanEck CEO Jan van Eck stated that Bitcoin is near a bottom, predicting a gradual recovery for…

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Filed under: News - @ March 4, 2026 2:27 pm