Bitcoin moved little on Tuesday and was headed for a lackluster performance in March as continued risk aversion due to the Iran war kept traders largely cautious about speculative assets.
The world's largest cryptocurrency rose 0.2% to $67,401.90 by 11:44 (06:44 GMT), having traded largely steadily during March.
Iran's war is raging, and a report indicates that Trump is considering de-escalation.
The US-Israeli war on Iran showed no sign of easing on Tuesday, as strikes continued between Iran and the surrounding Gulf states.
But US President Donald Trump may be considering ending US military involvement in Iran while leaving the Strait of Hormuz closed, according to a report in The Wall Street Journal. Trump's consideration comes as a war with Iran threatens to extend beyond its initial four-to-six-week timeframe.
While such a move could signal some de-escalation in the conflict, the continued blockade of the Strait of Hormuz is expected to keep energy supply disruptions largely in place. This, in turn, could fuel energy-driven inflation and keep global monetary policy tight—a worrying trend for speculative assets like cryptocurrencies.
Bitcoin is heading for a lackluster performance in March, while altcoins are mixed.
Bitcoin was headed for a lackluster performance in March. While the world's largest cryptocurrency rose to $75,000 during the month, it quickly settled into a trading range it had seen for most of the year.
Bitcoin outperformed gold in March, especially as the yellow metal recorded one of its worst monthly declines ever. However, gold is still up 5.7% year-to-date, while Bitcoin is down about 23% so far in 2026.
Alternative currencies were mixed in March. Ether, the world's second-largest cryptocurrency, was on track to add nearly 5% this month, although this came after six months of continuous losses for the cryptocurrency.
XRP fell 3.9% this month, while Solana was headed for a 1.3% loss. Cardano was the worst performer among the major cryptocurrencies and was on track for a 12.6% loss.
Among meme coins, $TRUMP is down 12.4% this month, while Dogecoin is down 2.8%.
