Risky Markets Including Bitcoin held a rally late Tuesday after Axios reported Iran’s positive reception to Pakistan’s demand for a two-week ceasefire.
“The president has been briefed on the proposal and a response will come,” White House press secretary Karoline Leavit said when asked about the report.
Under strong pressure at the start of the session, the Nasdaq recovered to close modestly in the green. Crypto followed suit, with bitcoin climbing to $69,400 after slipping below $68,000 hours earlier.
Markets took a hit Tuesday after President Trump said “an entire civilization would die” if Iran did not open the Strait of Hormuz by its 8 p.m. ET deadline. The remark drew sharp criticism from politicians and other figures who had previously supported his campaign and presidency, with some even calling for Trump’s impeachment.
