CoinDesk Podcast Network Trump Signals 'Very Soon' End to Conflict in the Middle East | CoinDesk Daily
Mar 10, 2026
Coverage of political signals that sparked crypto and equity rallies after comments about a possible end to the Iran conflict. Analysis of market reactions including a weakening dollar and Bitcoin momentum. Report on Hyperliquid hitting record open interest and surging weekend trading volumes. Update on a major strategy’s large Bitcoin purchases and dividend changes to sustain accumulation.
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Trump Signal Sparks Broad Crypto Rally
- Crypto rallied after President Trump signaled the Iran conflict would end "very soon," lifting Bitcoin to near $71,000 and Ether above $2,000.
- Jennifer Sanasie ties this to broader markets: equities and precious metals also rallied while oil and the dollar pulled back.
Weakening Dollar Amplified Bitcoin Breakout
- A weakening U.S. dollar index (DXY) amid geopolitical optimism helped fuel a larger Bitcoin breakout toward $71,000.
- Sanasie links a softer DXY and falling oil to the crypto move as investors rotated risk assets.
Hyperliquid Hits Record Open Interest
- Hyperliquid's permissionless perpetual futures platform hit a record $1.2 billion in open interest and remained at all-time highs.
- ARCA data show most top markets on the platform are tokenized commodities and equities, not crypto pairs.