Daily Market Update: Crypto Rebounds as Trump Signals Iran War Nearing End, Stocks Futures Rise

TLDR

• Ether climbed back above $2,000 and Solana led crypto gains after Trump said U.S. military objectives in Iran were “pretty well complete”
• U.S. stock futures rose Tuesday after a volatile session; oil dropped sharply from highs above $119 to around $88 a barrel
• Crypto funds saw $619 million in weekly inflows despite broader market turbulence, with bitcoin products taking the lion’s share
• Bitcoin’s 90-day correlation with the S&P 500 hit 0.78, meaning altcoins are amplifying every market move
• The Federal Reserve meeting on March 17–18 is the next key event, with a hawkish outcome seen as a risk for higher-beta crypto assets

Crypto markets and U.S. stock futures both climbed on Tuesday after President Donald Trump said the conflict with Iran was close to over, easing fears that had rattled global markets just a day earlier.

Trump told reporters late Monday that U.S. military objectives were “pretty well complete” and that he believed the war was “very far” ahead of its original four-to-five week timeline. He made similar comments to CBS News, saying opposing forces had effectively lost their naval and air capabilities.

Oil markets reacted fast. West Texas Intermediate crude, which had briefly spiked above $119 a barrel overnight Sunday, fell to around $88. Brent crude dropped to roughly $92 per barrel.

Asian equities surged 2% on Tuesday after falling 3.7% on Monday. Tech stocks in the MSCI Asia Pacific index jumped 3.5%. Dow Jones futures rose 0.28%, with S&P 500 and Nasdaq 100 contracts also ticking higher.

In crypto, ether climbed 2.6% to $2,029, recovering the $2,000 level it has fought to hold since late February. Solana led gains at 2.9%, reaching $85.67. BNB added 2.6% to $639. XRP rose 1.7% to $1.37. Dogecoin gained just 1% and remains down 1.4% on the week.

Institutional Money Keeps Flowing Into Crypto

Despite the market turmoil, institutional investors kept buying. CoinShares reported $619 million in crypto fund inflows for the week ending Friday. Bitcoin products took $521 million of that, pushing total assets under management to $108.3 billion.

Those inflows came during a week when the S&P 500 lost $1 trillion in a single session and the U.S. economy shed 92,000 jobs.

Ryan Kirkley, co-founder and CEO of Global Settlement, said spot bitcoin ETFs are “attracting capital even as price weakens,” pointing to institutional investors treating the dip as a tactical entry point.

Ethereum’s next key level is $2,500, where FxPro analysts say a genuine recovery trend could be confirmed. Solana remains roughly 55% below its cycle highs and has underperformed ether on every bounce since October.

XRP has stayed range-bound between $1.30 and $1.45 for most of March. Legal clarity from Ripple’s earlier settlement has not been enough to push it higher on its own.

Fed Meeting Looms as the Next Big Test

Kirkley noted that bitcoin’s 90-day correlation with the S&P 500 has risen to 0.78, one of the highest levels since mid-2022. When bitcoin tracks equities closely, altcoins magnify moves in both directions.

The Federal Reserve meets March 17–18. Any hawkish signal or hint at renewed rate hikes would hit higher-risk crypto assets hardest.

On the corporate side, Oracle is set to report earnings Tuesday, with Adobe due Thursday. February’s Consumer Price Index data is due Wednesday, followed by January’s Personal Consumption Expenditures index on Friday.

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