Trump Delays Attack on Iran, Bitcoin and Others Immediately Surge
Jakarta, CNBC Indonesia - The cryptocurrency asset market has responded positively to the latest developments in geopolitical dynamics in the Middle East during trading on Wednesday (08/04/2026).
US President Donald Trump’s decision to suspend military strikes against Iran has triggered a recovery in risk appetite among global investors.
The easing of geopolitical uncertainty has encouraged capital flows back into digital assets, leading Bitcoin and most major cryptocurrencies to record measured gains.
Bitcoin and Ethereum Strengthen Solidly
Based on the latest trading data, Bitcoin (BTC) is trading at $71,693.59. The cryptocurrency with the largest market capitalisation has posted a daily increase of +4.80% and confirmed a positive weekly trend at +5.83%. This movement brings Bitcoin back towards the technical resistance area around $72,000.
A higher percentage gain is seen in Ethereum (ETH). The asset is trading at $2,243.99, recording a daily increase of +6.90% and a weekly appreciation of +7.35%.
The stability and rise of these two major assets indicate that investors are beginning to reduce hedging risk premiums and returning to accumulation in growth assets.
Cardano and Solana Lead the Rebound
In the altcoin sector, most large-cap assets are showing performance in line with the parent assets’ movements. Cardano (ADA) leads the daily gains with an +8.05% rise to $0.2638.
Followed by Solana (SOL) which rose +6.56% to $84.86, and Hyperliquid (HYPE) which grew +6.11% to $38.45.
Moderate gains are also recorded by XRP (+4.47%), Dogecoin (+4.86%), and Binance Coin (+3.24%). On the other hand, assets like TRON (TRX) and UNUS SED LEO (LEO) tend to be stagnant and move sideways with fluctuations below 1%.
US-Iran Ceasefire
The main factor driving the market today is the confirmation of a temporary ceasefire in the Middle East. US President Donald Trump has decided to hold back military forces for two weeks.
This decision was taken to facilitate negotiations on Iran’s 10-point proposal and to ensure the safe opening of the Strait of Hormuz, which previously threatened global energy supply chain stability.
For financial markets, this peaceful resolution eliminates one of the biggest macroeconomic uncertainty factors looming over this quarter. As threats of oil supply disruptions and inflation spikes subside, pressure on central bank interest rate policies also decreases.
This condition indirectly provides a more conducive environment for risky assets like Bitcoin to experience a rebound.
Market Outlook
From a technical perspective, Bitcoin’s current price rise is still within the short-term movement projection corridor, namely retesting the resistance area at $71,000 to $72,000. This rise is driven by sectoral risk-on sentiment following the ceasefire announcement.
However, for long-term prospects, the fundamental market projection remains unchanged. This rise is seen as part of volatility within the macro consolidation phase.
Pressure from banking liquidity and global interest rates is expected to continue to overshadow the market throughout the year, especially towards the end of 2026.
Therefore, the main target for the best allocation is still maintained conservatively in the Bitcoin price range of $40,000 to $45,000.
That area is projected as the base point of the four-year cycle that could occur in Quarter III or Quarter IV of 2026. For market participants, discipline in risk management and avoiding reactive investment decisions (FOMO) remain relevant strategies.