Bitcoin and equities hit an 11-week high on Wednesday as President Donald Trump extended a ceasefire with Iran, boosting market confidence. The original cryptocurrency momentarily reached $79,171, its highest price since Feb. 3, rising 4.6% in New York morning trading. Ether rose 4.7%, among other cryptoassets.

Even while crisis resolution attempts stalled and the Strait of Hormuz did not reopen, strong corporate results boosted markets. Brent crude rose 1.94% to above $100 a barrel, while S&P 500 contracts rose over 0.7%.

Bitcoin outlasted gold and other assets during the Iran war. Bitcoin is up nearly 15% since Feb. 27, while gold is down 10%. “Crypto has been in a bullish mood in the past few weeks, often shrugging off bad news and climbing on good news,” orbit market co-founder Caroline Mauron said. The $75,000 level should provide sturdy support, and a break over $80,000 would open tremendous upside.”

After the war began in February, Bitcoin has traded between $65,000 and $75,000. The holding pattern is a relief after months of falls that saw the token drop 40% from its $126,000 high in October, when crypto markets plummeted.