Bitcoin traded at $67,545 on Tuesday morning, roughly flat over 24 hours after recovering from a dip below $65,200 that briefly marked its lowest level since the Iran war began. The news of a potential end to the Iran conflict has not yet been clear what this means for the cryptocurrency market. The Wall Street Journal reported that the president has told advisers he is willing to end the campaign even if the Strait of Hormuz remains largely closed. This news capped a period of uncertainty for traditional markets, with the S&P 500 on its longest daily losing streak since 2022 and MSCI Asia Pacific heading for its worst month since the 2008 financial crisis. The total crypto market cap now stands at $2.32 trillion, largely unchanged over the past week. JPMorgan noted that bitcoin is weathering the Iran crisis better than gold and silver, given that gold's losing streak has been a significant signal in global markets for weeks.