Bitcoin Surges 4% On Ceasefire Hopes But This Resistance Stands In The Way
Posted On April 6, 2026
Bitcoin (CRYPTO: BTC) climbed over 4% in 24 hours to nearly $70,000 after a Reuters report suggested a U.S.-Iran ceasefire plan could come into effect Monday, potentially reopening the Strait of Hormuz.
The Ceasefire Catalyst
The risk-on move lifted sentiment across crypto markets. XRP (CRYPTO: XRP) added 4%, while Ethereum (CRYPTO: ETH) jumped over 5% and Solana (CRYPTO: SOL) gained 3%.
The ceasefire push is being described as a last-ditch effort to prevent the “massive strikes on Iranian civilian infrastructure” President Trump threatened over the weekend.
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