Bitcoin has reclaimed the $75,000 mark, trading at $75,733 on Tuesday morning, reflecting a 1.5% increase over the past 24 hours. This rise coincides with Iran’s announcement of a delegation to participate in ceasefire discussions in Pakistan, which has positively influenced market sentiment.
In addition to Bitcoin’s gains, other cryptocurrencies also saw upward movement. Ether increased by 1.2% to $2,310, XRP rose 1.3% to $1.43, and BNB climbed 1.5% to $630. However, Solana lagged behind, registering only a 0.9% increase and a weekly decline of 1.1%.
The MSCI All Country World Index resumed its upward trajectory, gaining 0.1% after a brief pause, with Asian equities leading the charge and the regional tech index surging by 2.4%. Meanwhile, Brent crude oil prices fell by 0.7% to $94.81 per barrel, gold slipped 0.6% to approximately $4,800, and silver dropped by 1% to $78.90. The U.S. Treasuries and dollar remained relatively stable.
The current two-week ceasefire is set to expire on Wednesday evening, Washington time, with former President Trump indicating that an extension is unlikely. This deadline is influencing market trading behavior.
On the ground, three vessels attempted to transit through the Strait of Hormuz early Tuesday, marking the first test of the waterway’s accessibility amid ongoing U.S. and Iranian blockades.
Throughout this market cycle, Bitcoin has lagged behind equities. The MSCI ACWI has enjoyed an 11-day rally, experiencing only one setback since the de-escalation of conflict began. In contrast, Bitcoin has been gradually recovering from below $74,000 to its current level above $75,000. This discrepancy may be attributed to structural factors.
According to Bloomberg data, funding rates on Bitcoin perpetual futures have remained negative for about 46 consecutive days, marking one of the longest periods of bearish positioning since the FTX collapse in late 2022. Additionally, net inflows into spot Bitcoin ETFs reached $996.4 million last week, while Ethereum spot ETFs attracted $275.8 million.
Research firm Kaiko noted that a breakthrough above $76,000 could pave the way for Bitcoin to reach $85,000.
On the mining front, public mining companies sold a record 32,000 BTC in the first quarter, surpassing the total sales for all of 2025 and exceeding the 20,000 BTC sold following the Terra collapse in Q2 2022. Bitcoin’s mining difficulty recently decreased by 2.43% to 135.59 trillion, while the network hashrate rebounded from approximately 978 exahashes per second to 992 EH/s this month, as reported by Glassnode.
Traders are closely monitoring whether Bitcoin can break the $76,000 threshold, particularly in light of developments from the Pakistan talks. A successful breach could trigger a short squeeze, while a decline below $74,000 could occur if Trump’s deadline passes without a resolution. The mining data also suggests that despite price recovery, production economics remain under pressure, indicating that any sustained rally above $80,000 would need to account for continued selling from miners.
Bitcoin's resurgence above $75,000 is linked to Iran's participation in ceasefire talks in Pakistan, alongside positive trends in other cryptocurrencies and equities. Market dynamics are influenced by upcoming deadlines and mining activity, suggesting a cautious outlook for sustained price increases.