Market Pulse: US‑Iran Ceasefire Ignites Crypto Breakout
On April 8, the US and Iran announced a formal ceasefire, de‑escalating months of Middle East tensions. Within hours, Bitcoin surged past $72,000, a 5% single‑day gain. Ethereum jumped 8%, leading altcoin gains.
Why the rally? Traders interpreted the ceasefire as reduced systemic risk. Oil prices cooled and equity futures rose, pushing capital out of cash and gold into digital assets. Short liquidations added fuel to the fire.
How long will it last? If the ceasefire holds,
$BTC Bitcoin could test $75,000–$78,000 in coming weeks. However,