Cryptocurrency markets witnessed Bitcoin (BTC) surpassing the $75,000 mark as diplomatic efforts for a ceasefire between Iran and its adversaries continue to progress. Over the past 24 hours, Bitcoin saw an increase of 1.5% and climbed by 1.7% over the week, following confirmation from Iran about sending delegates to Pakistan for renewed ceasefire discussions. Ether (ETH) experienced a rise of 1.2%, reaching $2,310, while XRP (XRP) increased by 1.3% to $1.43, and BNB (BNB) improved by 1.5%, touching $630. Solana (SOL), however, showed modest growth at just 0.9%, marking a decline of 1.1% for the week.
In parallel, global equity markets made a comeback from Monday’s brief halt, with the MSCI All Country World Index gaining 0.1%. This upward trajectory was spearheaded by Asian stocks and their tech sector index, which surged by 2.4%. Meanwhile, Brent crude oil prices decreased by 0.7% to $94.81 per barrel, gold fell by 0.6% to approximately $4,800, and silver declined 1%, settling at $78.90. Both Treasuries and the dollar showed negligible changes.
The ongoing two-week ceasefire is set to conclude on Wednesday evening in Washington time. President Trump has indicated that an extension is unlikely, making this deadline a critical factor for market predictions.
Early Tuesday witnessed three vessels attempting passage through the Strait of Hormuz amid ongoing U.S. and Iranian blockades, marking the initial challenge to determine if access will be granted before any official agreement.
Bitcoin’s performance has notably trailed behind equities during this cycle. The MSCI ACWI is on a noteworthy 11-day rally since de-escalation began, whereas Bitcoin has gradually recovered from below $74,000 to just above $75,000. This lag is partly structural; funding rates for bitcoin perpetual futures have remained negative for approximately 46 consecutive days, the longest streak since FTX’s collapse in late 2022.
Investment inflows into spot Bitcoin ETFs surged to $996.4 million last week, according to SoSoValue, while Ethereum spot ETFs attracted $275.8 million. Research firm Kaiko suggested that a rise above $76,000 could pave the way for Bitcoin reaching $85,000.
On the mining front, public mining companies sold an unprecedented 32,000 BTC in Q1, as reported by TheEnergyMag—exceeding all sales from 2025 and surpassing the 20,000 BTC offloaded post-Terra collapse in Q2 2022. Bitcoin’s mining difficulty dropped by 2.43% to 135.59 trillion at its latest adjustment, while the network hashrate increased from about 978 exahashes per second to 992 EH/s this month, according to Glassnode.
For short-term signals, traders are monitoring whether Bitcoin breaks $76,000 following positive news on Pakistan talks, potentially triggering a short squeeze identified by K33. Conversely, if the current deadline expires without an agreement, Bitcoin might slip below $74,000. A more significant indicator lies in mining data; sustained miner sales amidst falling difficulty suggest that production economics remain tight despite price recovery, and any lasting rally above $80,000 would have to absorb ongoing treasury selling from these same miners.