BTC Breaks $71,000, Oil Prices Plummet: US-Iran peace plan throws the market into turmoil!

Jakarta, Pintu News – This week, global financial markets saw a major shock after the United States proposed a 15-point peace plan to end the Iran conflict. Brent crude oil prices immediately went into freefall below $100, while Bitcoin stabilized above $71,000. Optimism is setting in for Asian exchanges and cryptocurrencies, though volatility still looms. Is this a sign of peace or just a momentary euphoria?

US-Iran Peace Plan: A Turning Point in the Middle East Conflict?

The United States officially sent a 15-point peace proposal to Iran via Pakistan, marking the most concrete diplomatic move since war broke out on February 28. The plan reportedly includes a ban on Iran acquiring nuclear weapons or enriching radioactive materials, although the full details are still under wraps. The move sparked a surge of optimism in the market, especially after Israeli media reported on a Washington-initiated one-month ceasefire attempt. However, there is no certainty whether Iran will accept or reject the proposal in the near future.

The situation in the Strait of Hormuz is still not fully restored, with ship traffic severely restricted. Nevertheless, the news of the peace plan was enough to move global markets. Investors are now waiting to see if this proposal will actually end the conflict or if it will just be a headline that Tehran will quickly refute. Iran’s decision in the next few days will largely determine the next direction of the market.

Also Read: Gold Prices Plummet 7.47% as US-Iran War Heats Up in Late March 2026!

Oil Prices Plummet, Asian Exchanges and Cryptos Strengthen

Brent crude oil prices plummeted 4.7% to $99.55, breaking the psychological $100 barrier that has stood since mid-March. The drop in oil prices was immediately welcomed by Asian stock markets which jumped 1.9%, while futures indices in the United States and Europe also indicated the potential for further gains. Weaker oil prices provide a breath of fresh air for risky assets, as inflationary pressures that have been weighing on the market begin to ease. Any decline in oil prices increases the chances of the US central bank (The Fed) to hold interest rates, thus maintaining liquidity.

On the other hand, the US dollar exchange rate weakened, adding to the positive sentiment for global assets. The correlation between Bitcoin (BTC) and the S&P 500 index is still high, but the price movements during the conflict showed unbalanced sensitivity. Over the past four weeks, the market has faced various headlines, massive sell-offs, and oil price shocks. However, until now, the market has been moving in a stable range without any sharp spikes or drops.

Crypto Performance: Bitcoin Stable, Altcoins Still Under Pressure

Bitcoin (BTC) is trading at around $71,019, up 0.9% in the last 24 hours, although it is still down 6.4% on a weekly basis due to last week’s extreme volatility. Ethereum also gained 1.7% to $2,164, but is the worst-performing major crypto asset in the last seven days, down 9.2%. Ripple edged up only 0.2% to $1.42 and still lost 8.5% on the week. Meanwhile, Solana (SOL) rose 2.5% to $91.69, but remains down 3.8% on a weekly basis.

Dogecoin recorded a daily gain of 1.7% to $0.094, but is still down 7.5% in the past week. Binance Coin actually fell 0.5% to $638 and corrected 6.8% in seven days. The only major crypto asset that recorded both daily and weekly gains was Tron (TRX), up 0.8% daily and 4.4% weekly. In general, the crypto market is still in a consolidation phase, with Bitcoin (BTC) being the only asset that has been able to stay at high levels for three consecutive days.

Markets await certainty: Peace or Euphoria?

The 15-point peace plan from the United States is a new hope for geopolitical stability and global financial markets. However, uncertainty still looms as there has been no official confirmation from the Iranian side. If this proposal is actually accepted, the potential for a recovery in risky asset prices could be even greater. Conversely, if it is rejected, risky markets could come under pressure and high volatility again.

Over the past month, the market has proven its resilience in the face of various shocks, ranging from wars, oil price spikes, to massive sell-offs in the crypto market. Now, all eyes are on the progress of diplomacy between the United States and Iran. Will peace actually materialize, or will it trigger new turmoil? The answer will determine the direction of the market in the near future.

Also Read: XRP Freefalls in Early 2026: Will Second Quarter Repeat 2017’s Glory?

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• CoinDesk. Bitcoin Steadies Above $71,000 as Oil Drops Below $100 on U.S. 15-Point Plan to End Iran War. Accessed on March 26, 2026