Bitcoin lags as stocks surge on Iran peace deal hopes.

Bitcoin is trading at $76,800, down nearly 1% over the past 24 hours, even as equity markets rally sharply on President Trump's announcement of a coming Middle East peace agreement. The Nasdaq has surged 1.4% in Tuesday morning trade, with oil prices and bond yields both falling in response to the geopolitical development.

Crypto is sitting out the risk-on move as traders rotate capital into AI-related trades and position ahead of anticipated mega-IPOs from SpaceX and OpenAI. Ether, Solana, and XRP are all down similarly to BTC on the day.

The standout winner in Tuesday's session is Micron (MU), up 17% after UBS raised its price target to $1,625 — more than double Friday's close — putting the chipmaker up over 800% year-over-year. The divergence between crypto and AI-adjacent equities underscores a capital rotation narrative that has been building for several weeks.