Markets Rally as Tech Shares Surge, Bitcoin Nears $75K on Easing Geopolitical Tensions

Wall Street closed higher on Wednesday, driven by gains in technology stocks and growing investor confidence that tensions between the United States and Iran may soon cool down. The upbeat sentiment pushed both the Nasdaq Composite and the S&P 500 to fresh record levels, while Bitcoin continued its recent rally by climbing above $75,000.

The Nasdaq Composite advanced 1.59% to finish at 24,016.02, marking a new all-time closing high. The S&P 500 also reached a milestone, ending the day at 7,022.95 after rising 0.8%.

Technology companies were the strongest performers during the session, with the sector gaining 2.08% overall. Their momentum helped lead the broader market higher as investors rotated into growth-focused names.

At the same time, cryptocurrencies joined the rally. Bitcoin touched $75,229, gaining 1.07% over the past 24 hours. The world’s largest digital asset has now surged nearly 10% over the last two weeks, reflecting renewed appetite for risk assets across financial markets.

Investor sentiment improved after comments from the White House suggested the conflict between the US and Iran could be nearing a resolution. President Donald Trump said in an interview with Fox Business that the war appeared “very close to being over,” though he added that progress would depend on whether both sides can reach an agreement.

He also noted that negotiations remain uncertain, saying the situation could still evolve depending on diplomatic outcomes.

Market strategist Tom Lee of Fundstrat said recent stock market resilience shows investors are looking past geopolitical uncertainty. Speaking on CNBC, Lee said markets often recover when fear is highest and suggested there may still be room for further upside.

Lee also believes the next phase of the rally could be led by digital assets such as Bitcoin and Ether, alongside mega-cap technology names and software companies.

With equities and crypto both moving higher, investors appear increasingly confident that easing geopolitical risks could open the door for another leg higher in risk markets.