Bitcoin Rebounds Above $75,000 Amid Iran-Pakistan Ceasefire Talks
Bitcoin traded at $75,733 on Tuesday morning, up 1.5% over 24 hours, as Iran signaled it will send a team to Pakistan for talks and Brent crude slipped ahead of the Wednesday ceasefire deadline.
The cryptocurrency’s rebound reflects market optimism over diplomatic progress, even as the current two-week truce between Iran and the U.S. Nears its expiration. Despite the gain, Bitcoin continues to lag a broader global equity rally, with negative funding rates in perpetual futures signaling persistent bearish positioning.
Spot Bitcoin and Ether ETFs, however, continue to see strong inflows. Record selling by public Bitcoin miners, alongside a recent drop in mining difficulty, suggests industry margins remain tight, raising questions about how sustainably prices can rise above the $76,000–$80,000 range without absorbing continued miner sales.
Ether rose 1.2% to $2,310, XRP gained 1.3% to $1.43, and BNB climbed 1.5% to $630. Solana was the lone laggard in the top 10, up just 0.9% and down 1.1% on the week.
The MSCI All Country World Index resumed its rally after Monday’s pause, climbing 0.1% as Asian equities led the move higher, with the regional tech index advancing 2.4%. Brent crude fell 0.7% to $94.81 a barrel, gold slipped 0.6% to about $4,800, and silver dropped 1% to $78.90. Treasuries and the dollar were little changed.
BlackRock’s IBIT ETF pulled in $871 million in weekly inflows, leading all crypto ETFs and helping push total U.S. Spot Bitcoin ETF inflows to roughly $1.9 billion for the week. Funding rates on Bitcoin perpetual futures have been negative for 46 consecutive days, the longest stretch since the FTX collapse in 2022. Public Bitcoin miners sold a record 32,000 BTC in Q1 2026, more than all of 2025, adding supply pressure to the market.
Research firm Kaiko says a break above $76,000 could open a path toward $85,000, whereas Polymarket traders price a 31% chance of BTC reaching $80,000 before the end of April.
Market Context and Key Developments
The current two-week ceasefire between the U.S. And Iran expires Wednesday evening. President Trump said on Monday he is not likely to extend it. Three vessels attempted transit through the Strait of Hormuz early Tuesday, with blockades from both the U.S. And Iran still in place.
On April 7, President Trump announced the two-week ceasefire with Iran after Pakistan-mediated talks, citing the reopening of the Strait of Hormuz as a central condition. Bitcoin jumped 3% following the announcement, reaching an intraday high of $71,720.
Trump credited Pakistani Prime Minister Shehbaz Sharif and Field Marshal Asim Munir for directly requesting the pause and enabling a diplomatic off-ramp. He stated that U.S. Forces had “met and exceeded all Military objectives” before the pause, framing the suspension as a position of strength rather than retreat.
Iran’s closure of the Strait of Hormuz, which carries 20.3 million barrels of oil daily, remains the central condition for the ceasefire to hold. Pakistan’s role as mediator has been critical in facilitating dialogue between the two nations.
Broader Market Implications
The interplay between geopolitical developments and cryptocurrency markets continues to underscore Bitcoin’s sensitivity to macro risk sentiment. While traditional safe-haven assets like gold showed only modest movement, Bitcoin’s rebound highlights its role as a risk-on asset responding to shifts in geopolitical tension.
Analysts note that sustained upside in Bitcoin will depend on both the resolution of regional tensions and the ability of the market to absorb ongoing supply pressure from miner sales. The strength of institutional inflows via spot ETFs remains a key supporting factor.
As the Wednesday deadline approaches, market participants will closely monitor diplomatic signals from the Iran-Pakistan talks for further directional cues.