News listBitcoin reclaims $75,000 as Iran ceasefire talks advance, equities rally resumes
CoinDesk2026-04-21 04:45:58 BullishBTC

Bitcoin reclaims $75,000 as Iran ceasefire talks advance, equities rally resumes

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Bitcoin reclaims $75,000 as Iran ceasefire talks advance, equities rally resumes Bitcoin traded at $75,733 on Tuesday morning, up 1.5% over 24 hours, as Iran signaled it will send a team to Pakistan talks and Brent crude slipped ahead of the Wednesday ceasefire deadline. What to know: - Bitcoin climbed back above $75,000 as markets bet on progress in cease-fire talks between Iran and Pakistan, even as the current two-week truce nears its Wednesday deadline. - Despite the rebound, bitcoin continues to lag a broad global equity rally, with negative funding rates in perpetual futures signaling persistent bearish positioning even as spot bitcoin and ether ETFs 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. Bitcoin is back above $75,000 as markets price another diplomatic off-ramp. Bitcoin traded at $75,733 on Tuesday morning, up 1.5% over 24 hours and 1.7% on the week, after Iran confirmed it will send a delegation to Pakistan for a second round of ceasefire talks. 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 and the regional tech index advanced 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. The two-week ceasefire expires Wednesday evening Washington time, and Trump said on Monday he is not likely to extend it. That deadline is what markets are now trading. Three vessels attempted transit through the Strait of Hormuz early Tuesday with US and Iranian blockades still in place, the first test of whether the waterway is opening before a deal is signed. Bitcoin has lagged equities through this entire cycle. The MSCI ACWI is on an 11-day rally that stumbled only once since the conflict de-escalated began, while bitcoin has spent the same stretch rebuilding from below $74,000 to just above $75,000. Part of that lag is structural. Funding rates on bitcoin perpetual futures have stayed negative for about 46 consecutive days according to Bloomberg data, one of the longest runs of bearish derivatives positioning since the FTX collapse in late 2022. Net inflows into spot bitcoin ETFs rose to $996.4 million last week per SoSoValue, and Ethereum spot ETFs took in $275.8 million. Research firm Kaiko said in a weekend note that a break above $76,000 would open a path toward $85,000. The mining side adds a different signal. Public mining companies sold a record 32,000 BTC in the first quarter, according to TheEnergyMag, more than in all of 2025 and above the 20,000 BTC miners dumped after the Terra collapse in Q2 2022. Bitcoin's mining difficulty fell 2.43% to 135.59 trillion at the latest adjustment, while network hashrate recovered from roughly 978 exahashes per second to 992 EH/s this month per Glassnode. Traders looking for the shorter-term signal will watch whether Bitcoin breaks $76,000 on a Pakistan talks progress headline, which would trigger the short squeeze K33 flagged, or slides back below $74,000 if Trump's Wednesday deadline expires without a deal. A deeper signal sits in the mining data. Miners selling at record pace through a difficulty drop suggests production economics remain compressed despite the price recovery, and any sustained rally above $80,000 would need to absorb continued treasury selling from the same cohort. More For You Ripple has laid out a four-phase plan to make the XRP Ledger quantum-resistant by 2028. What to know: - Ripple has unveiled a four-phase plan to make the XRP Ledger quantum-resistant by 2028, positioning it for a potential "Q-day" when quantum computers can break current cryptography. - The roadmap includes an emergency "Q-day readiness" phase that would force a migration to quantum-safe accounts and enable fund recovery via zero-knowledge proofs...
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Source:CoinDesk
Published:2026-04-21 04:45:58
Category:bullish · Export Category bullish
Symbols:BTC
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