The price of Bitcoin was up early Friday amid signs of easing tensions across the Middle East.

The world's largest cryptocurrency was up 0.9% to $75,337. Meanwhile, Ethereum was up 0.4%. But smaller altcoins were surging — Solana was up 4.2%, Dogecoin was climbing 2.6% and XRP was up 2.6%.

After weeks of fighting between Israel and the Iran-backed militant group Hezbollah, Israel and Lebanon agreed to a 10-day cease-fire on Thursday, according to The Wall Street Journal.

President Donald Trump said he hopes Hezbollah "acts nicely and well during this important period," The Journal noted. Elsewhere, Trump said: "It's looking very good that we're going to make a deal with Iran, and it's going to be a good deal," multiple sources reported.

A swift end to the Iran war would ease inflation pressures and could reduce the need for elevated interest rates, which would support risk assets such as Bitcoin.

Separately, cryptocurrencies may have responded positively to Thursday's news that brokerage giant Charles Schwab will soon allow clients to trade cryptocurrency and traditional investments side-by-side, in an offering known as Schwab Crypto.

Write to Alex Kozul-Wright at alexander.kozul-wright@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
source: https://www.tradingview.com/news/DJN_DN20260417001607:0/