Bitcoin derivatives flash warning as $46B market pulls back from Iran ceasefire rally

On March 31, 2026, Wall Street saw its best trading day in nearly a year. The Dow Jones Industrial Average gained over 1,100 points, the S&P 500 rose 2.9% for its best single-day performance since last May, and the Nasdaq jumped 3.8%. The mood, as one market recap cheerfully dubbed it, was “Hormuz Hope,” a rally built on the possibility that the US-Iran war and the stranglehold it had on global oil su…