Bitcoin price climbed above $75,000 on Wednesday as tech stocks pushed both the Nasdaq record high and the S&P 500 record high. The move came as investors responded to signs that the US-Iran conflict could ease.
The Nasdaq Composite closed at 24,016.02, up 1.59% on the day. Meanwhile, the S&P 500 ended at 7,022.95, adding 0.8%. According to the report, the broader tech sector rose 2.08%, which helped lead the gains in the US stock market.
At the same time, Bitcoin price reached $75,229, rising 1.07% over the past 24 hours. Over the last two weeks, Bitcoin gained nearly 10%. Therefore, both the crypto market rally and the advance in equities reflected the same shift in market mood.
Bitcoin Price and Tech Stocks Rise as US-Iran Conflict Cools
The report linked the latest Bitcoin price move and the jump in tech stocks to comments from the White House about the US-Iran conflict. Markets reacted after President Donald Trump told Fox Business that he sees the war as “very close to being over.”
However, Trump also said the outcome still depends on whether both sides can reach a deal. He added, “If I pulled up stakes right now, it would take them 20 years to rebuild that country. And we’re not finished.” Then he said, “We’ll see what happens. I think they want to make a deal very badly.”
Those comments helped shape trading across the US stock market and digital assets. As a result, traders moved back into risk assets. That shift supported the Nasdaq record high, the S&P 500 record high, and the latest leg of the crypto market rally.
Nasdaq Record High and S&P 500 Record High Follow Tech Stocks Strength
The Nasdaq record high was driven by strength in tech stocks, which rose 2.08% overall. Because the Nasdaq has a heavy tech weighting, that sector move had a direct impact on the index. The result was a close at 24,016.02.
The S&P 500 record high followed the same pattern, although the gain was smaller. The benchmark index rose 0.8% to 7,022.95. Even so, the new high showed that buying extended beyond a narrow group of names.
Meanwhile, Bitcoin price moved in the same direction as stocks. The report said BTC touched $75,229, while the wider crypto market also stayed firm. A TradingView chart cited in the report tracked Bitcoin’s 24-hour price performance during the session.
Tom Lee Says Bitcoin, Ether, and Magnificent Seven Could Lead
The report also cited Tom Lee, chief investment officer at Fundstrat. While discussing the latest S&P 500 record high, Lee said some investors still remain on the sidelines as they watch the US-Iran conflict.
Still, Lee said the US stock market and the economy have performed well despite the Middle East tensions. Speaking on CNBC’s Closing Bell, he argued that markets have held up better than some expected during the conflict.
In a separate post on X, Tom Lee wrote that “stocks bottom on bad news,” not good news. The report added that Lee sees Bitcoin, Ether, the Magnificent Seven, and the broader software sector as key parts of the current move. That kept both tech stocks and the crypto market rally in focus as trading ended Wednesday.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: April 16, 2026 • 🕓 Last updated: April 16, 2026
