NewsBTC
Apr 8, 2026 upd. 8 Jun
6 1

Bitcoin jumps above $72,000 after US-Iran ceasefire, eyes $74,000 resistance

1 min

Trump pauses Iran strikes for two weeks. Bitcoin (BTC) jumps ~5% to $72,174; crypto cap adds ~$130B.

The move followed a ceasefire announcement tied to reopening the Strait of Hormuz. Oil fell as risk assets bid.

In an X post, Trump said he would suspend strikes for two weeks, conditional on “COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz.” White House post on X.

He cited calls with Pakistan’s PM Shehbaz Sharif and Field Marshal Asim Munir.

Flows hit right after the post. On-chain watchers flagged large buys by exchanges and market makers. DeFi Tracer on X.

  • Binance bought 29,344 BTC
  • Coinbase bought 20,756 BTC
  • Kraken bought 8,611 BTC
  • Wintermute bought 7,188 BTC
  • Bybit bought 5,191 BTC

Total estimated purchases: ~$4.5B in BTC.

Total crypto market cap rose from ~$2.3T to ~$2.43T as buyers stepped in.

Near term, $74,000 remains key resistance. A clean break and hold above that level would confirm momentum; failure there risks fading the move.