- Bitcoin climbed above $77,000 after the US extended its ceasefire deadline with Iran, calming immediate geopolitical fears and supporting a mild recovery in crypto markets.
- Oil prices slipped as tensions eased, with Brent crude and WTI crude both falling over 2%, signaling reduced concerns over supply disruptions.
- Institutional demand remains a steady driver, as strong inflows into Bitcoin ETFs continue to tighten supply and shape price trends despite mixed short-term market sentiment.
Bitcoin moved back above the $77,000 mark after a shift in geopolitical developments involving the US and Iran. The price recovery followed news that the ceasefire deadline between the two sides would be extended. This eased immediate market concerns and brought a decent sense of stability across risk assets.
Bitcoin was trading at $77,518.04 at the time of writing. The crypto rose 2.45% in 24 hours. The gesture was small but significant: It emerged after a period of uncertainty associated with international tensions. Ethereum also recorded a slight increase. It was at $2,361, a 2.28 percent increase for the same time period.
Bitcoin Surged above $77K Mark
As did Donald Trump’s speech the day before. The US would postpone a planned military strike on Iran, he said. The decision came after requests from Pakistan’s leadership, including its Prime Minister and Army Chief.
The US has now extended the ceasefire deadline and asked Iran to present a unified proposal for negotiations.
The statement also clarified that military readiness would remain in place. A naval blockade on Iran would continue during this period. The ceasefire, according to the announcement, will stay active until Iran submits a proposal and the negotiation process is completed. The outcome of those talks remains uncertain.
Iran responded through its state media. Officials claimed the country had already secured a strong position in the conflict. Control over the Strait of Hormuz was highlighted as a key advantage. This route remains one of the most important channels for global oil shipments.
Iran confirmed a temporary halt in military operations. At the same time, it maintained that the conflict had not ended.
Officials also called for caution toward negotiations.
They said any talks should honour Iran’s independence and its national priorities. These comprise defense systems, missile programs, and nuclear technology. The change in tone had an immediate impact on energy markets. The announcement sent oil prices lower. Brent crude plunged more than 2% from its intraday high and settled near $93.45 per barrel. WTI crude also declined by over 2%, trading at about $91.75 a barrel. The easing in oil prices suggested diminishing worries about immediate supply disruption. Crypto markets responded in parallel. Bitcoin’s comeback was a positive response to the rising sentiment across.
While the price increase remained limited, the move showed how closely digital assets track macro signals during periods of tension.
Institutional demand continues to support Bitcoin’s structure. U.S. spot Bitcoin exchange-traded funds have emerged as a major driver. As of April 22, 2026, total assets under management in these ETFs stood at $102.91 billion. Recent data shows a strong link between ETF inflows and price movements.
After a phase of outflows, March saw a reversal. Net inflows reached $1.32 billion during the month. Each inflow requires actual Bitcoin purchases. This reduces the available supply on exchanges and adds upward pressure on price over time. At the same time, it concentrates holdings within institutional channels.
Technically, Bitcoin faces immediate resistance at the recent swing high of $78,320. A decisive break above this level could open a path toward the 127.2% Fibonacci extension at $81,951. Key support lies at the 23.6% retracement level of $75,170.
