Bitcoin Sits Out Equity Rally as Iran Peace Hopes Boost Nasdaq 1.4%

According to CoinDesk, U.S. equities rallied sharply on Tuesday as President Trump's Saturday announcement of a coming Iran peace agreement continued to buoy risk appetite, with the Nasdaq surging 1.4% while oil prices and bond yields fell. Crypto, however, remained on the sidelines as traders rotated capital into AI-related stocks and awaited mega-IPOs from SpaceX and OpenAI. Chip stocks led the charge, with Micron (MU) jumping 17% after UBS raised its price target to $1,625 — more than double Friday's close — putting the stock up over 800% year-over-year. Bitcoin traded at $76,800, down nearly 1% over the past 24 hours, with ether, solana and XRP posting similar declines.