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

By Shaurya Malwa · Published April 21, 2026 · 5 min read · Source: CoinDesk
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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.

By Shaurya MalwaUpdated Apr 21, 2026, 5:55 a.m. Published Apr 21, 2026, 5:45 a.m. Make preferred on
Map of Iran with a pin just north of Esfahan. (Tudoran Andrei/Shutterstock)

What to know:

Bitcoin BTC$75,836.41 is back above $75,000, as markets price another diplomatic off-ramp.

The cryptocurrency was 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 (ETH) rose 1.2% to $2,310, XRP (XRP) gained 1.3% to $1.43, and BNB BNB$631.20 climbed 1.5% to $630. Solana (SOL) 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.

The two-week ceasefire expires Wednesday evening Washington time, and Trump said on Monday he is not likely to extend it. That's the deadline markets are now trading on.

Three vessels attempted transit through the Strait of Hormuz early Tuesday, with U.S. 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-escalation 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 remained negative for about 46 consecutive days, according to Bloomberg data, the longest such run 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 a 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.

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In this article

BTCBTCBTC$75,836.412.08%BNBBNBBNB$631.202.02%
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