Crypto stocks and Bitcoin saw significant gains following reports that Iranian President Masoud Pezeshkian is ready to end war. Crypto exchange Coinbase gained nearly 9% since the opening bell, while Bitdeer saw its shares jump more than 12%. Nvidia also saw a 5% gain. Stock indices including the Nasdaq, the S&P 500, and the Dow also showed significant gains. The Iranian president made the statement during a phone call with António Costa, president of the European Council. Bitcoin saw a brief surge above $68,000 before retracing. However, analysts have suggested that a rapid de-escalation could trigger a strong risk-on rally, potentially reaching $90,000.