Bitcoin Rises Near $66,150 as U.S.-Iran Tensions Escalate

Crypto markets absorbed escalating U.S.-Iran tensions as oil prices and Middle East developments fed anxiety into digital-asset trading, with Bitcoin holding near $66,000 despite strikes and retaliation.

“Bitcoin Price Dips Below $75K Amid US-Iran Tensions - Price Volatility: Bitcoin's price surged past $78,000 on Friday but retraced below $75,000 due to escalating US-Iran tensions, reflecting a nearly $4,000 drop in just a few days, indicating the market's sensitivity to geopolitical risks”

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The Bloomberg-linked report in اقتصاد الشرق مع بلومبرغ said the 24/7 cryptocurrency markets “absorbed the tensions between the United States and Iran earlier this week,” while traders weighed “contagion risks from moves in crude oil prices at the open of the US markets today.”

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It added that Bitcoin and other cryptocurrencies were “hit the day before yesterday by the US announcement of launching a bombing campaign against Iran,” followed by “a cautious rebound after reports of the death of Iran's Supreme Leader Ayatollah Ali Khamenei.”

By 6:22 a.m. London time, Bitcoin “rose today by about 0.7% to roughly $66,150,” and the same report said there were “no signs of the conflict abating” as residents in Dubai and Abu Dhabi reported hearing explosions.

The عكاظ report echoed the same market rhythm, saying the 24/7 crypto markets absorbed the tensions “as digital-asset traders weigh the potential contagion risks from crude oil price movements when U.S. markets open today.”

It also stated that Bitcoin rose “by about 0.7% to around $66,150 by 6:22 a.m. London time,” after a cautious rebound tied to the death of Ayatollah Ali Khamenei.

Together, the two outlets framed the day’s crypto price action as steadying after geopolitical shocks, even as the broader conflict remained active.

The reports tied crypto’s near-term direction to energy prices and Federal Reserve expectations, describing a chain from crude oil to risk-asset pressure.

اقتصاد الشرق مع بلومبرغ said “Rising oil prices increase the likelihood of rate hikes and support gold and the US dollar,” and it warned that “Inflation driven by higher energy costs could delay expectations of the next rate cut, harming high-risk assets.”

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It also stated that “Higher oil prices are likely to press on cryptocurrencies,” and that crypto price moves are “influenced by the Federal Reserve's monetary policy expectations.”

In the same piece, Caroline Moron, co-founder of Orbit Markets, said the focus “this morning is mainly on oil, with eyes toward developments in the Hormuz Strait,” and added that “cryptocurrencies are not at the forefront of investors' concerns right now.”

The article further described how safe-haven flows contrasted with crypto’s risk profile, saying “Safe haven assets rose following the strike,” with “gold rose about 1.4% to roughly $5,350 per ounce in the morning.”

It also described a specific options-market signal: “about $1.9 billion of puts with a strike of $60,000 are concentrated on the Deribit platform,” while “the absence of a subsequent selling wave remains notable.”

The عكاظ report similarly linked oil and rates to crypto, saying “High oil prices are likely to put pressure on cryptocurrencies,” and that inflation from energy costs “may delay expectations for an upcoming rate cut, which would harm high-risk assets.”

Other crypto-focused outlets described a sharper swing in Bitcoin’s price during the same U.S.-Iran escalation, emphasizing volatility and weekend-driven market reactions.

“Bitcoin dropped below $74K after Iran-U”

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@IntellectiaAI said “Bitcoin Price Dips Below $75K Amid US-Iran Tensions,” describing that Bitcoin “surged past $78,000 on Friday but retraced below $75,000 due to escalating US-Iran tensions,” and it characterized the move as “a nearly $4,000 drop in just a few days.”

It attributed the market panic to claims by Iranian officials that they were “facing deception” and said both nations were “on the verge of a new escalation,” which it said “has heightened market panic and led to significant price fluctuations in Bitcoin.”

The same outlet also framed future volatility around derivatives markets, stating that “With the opening of futures markets, Bitcoin is expected to face increased volatility.”

MEXC Exchange’s report similarly said Bitcoin “was halted at its multi-month peak at over $78,000 on Friday,” and that “the subsequent conflicting actions and statements from Iran and the US” led to “another retracement to under $75,000 as of press time.”

It quoted Iranian officials through a referenced report, saying Iran believes they are “facing deception” from U.S. President Donald Trump due to “inconsistency with what is actually happening.”

MEXC Exchange also described Trump’s threats and the uncertainty around talks, stating Trump alleged there’s a “divide” in the Iranian government and threatened to “blow up” the entire country if the two nations fail to reach an agreement.

Several reports shifted from price dips to a truce-driven rebound narrative, tying Bitcoin’s moves to specific statements about bombing suspension and Strait of Hormuz access.

النهضة نيوز said “Bitcoin BTC breaks through $72,000 after the US-Iran truce,” attributing the move to a “two-week truce” agreed by the United States and Iran.

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It quoted a post on Truth Social by U.S. President Donald Trump: “I agree to suspend bombing and attacking Iran for two weeks,” and it said the announcement came “just hours before the deadline he set for Iran to reopen the Strait of Hormuz or face military attacks on critical infrastructure.”

The outlet said the Iranian Supreme National Security Council announced its acceptance of the truce, and it reported that BTC “rose 2.6% in the hour following the announcement, reaching $72,339, according to CoinMarketCap data.”

In parallel, The Coin Republic described a dispute over Hormuz claims, saying “Iran rejected his statements, calling them false and misleading,” and it reported that Iranian Parliament Speaker Mohammad Bagher Ghalibaf said Trump’s claims were false and baseless, noting that Trump made 'seven claims in one hour, and all of them were false'.

The Coin Republic also said Iran announced the closure of the Strait of Hormuz while the United States continued its naval blockade of Iranian ports, and it quoted Trump insisting the naval blockade would continue “with full force and effect” until a lasting peace agreement is reached.

It further stated that the Iranian Joint Military Command said “limited passage had previously been allowed under the agreements,” but that it accused the United States of violating conditions and decided to restrict passage again.

Beyond spot price moves, the sources also described sentiment measures and prediction-market activity, while tracking how quickly optimism faded when Hormuz-related risks resurfaced.

النهضة نيوز said the Fear & Greed index “remained at 11 points on Tuesday in the 'Extreme Fear' zone,” and it framed the breakout as occurring “despite the recent rise” because investors remained cautious about the crypto market.

MEXC Exchange

It also said “the last time BTC traded above $72,000 on March 18,” and it posed the “big question” of whether the two-week truce would “support further recovery for cryptocurrencies” or whether renewed escalation would “push the markets back into a downward trajectory.”

Crypto Briefing, meanwhile, said “Bitcoin dropped below $74K after Iran-U.S. peace talks stalled and the Strait of Hormuz closed,” and it connected the move to Polymarket odds, stating “the likelihood of Bitcoin being above $60,000 by April 19 is at ## Market reaction.”

It also reported specific prediction-market trading figures, including “daily face value at $4,900 and actual USDC traded at $4,898” for the April 19 sub-market, and “Combined 24-hour actual USDC traded across all sub-markets sits at $105,585.”

The Coin Republic provided a broader snapshot, stating “The global crypto market capitalization stood at $2.59 trillion at the time of publication, up 0.89% from the previous day,” and it reported that Bitcoin “rose above the $77,200 level” and Ethereum “surged past $2,400” before prices later fell to “about $76,500 and $2,300, respectively.”

It also described the risk environment in terms of market behavior, saying “As geopolitical risks rise, market participants tend to become more cautious and avoid high-risk investments,” and it warned that digital assets could face “price volatility, sell-offs, or a loss of momentum.”