Trump Extends Iran Ceasefire, Driving Bitcoin Past $78,000

Bitcoin surged after President Donald Trump extended the Iran ceasefire, with multiple outlets tying the move to the same geopolitical signal.

“Bitcoin climbs to $78,100 on Trump ceasefire extension, Strategy's $2”

@coindesk

CoinDesk said “Bitcoin climbs to $78,100 on Trump ceasefire extension,” adding that “Trump extended the Iran ceasefire” and that Strategy disclosed “its largest BTC purchase in 17 months.”

@coindesk

CoinDesk reported that “Bitcoin traded at $77,541 on Wednesday morning,” up “2.2% over 24 hours and 4.3% on the week,” after Trump said he would extend the Iran ceasefire indefinitely.

Traders Union similarly framed the rally as “President Trump extends Iran ceasefire, lifting Bitcoin higher,” and put the price at “$77,992.42, up 2.64% for the day.”

Futu牛牛 (富途牛牛) said the extension “ignites the cryptocurrency market,” with Bitcoin “surging nearly 3% to break through the $78,000 mark,” and cited a two-month high of “$78,344.”

Benzinga described the broader market response as crypto “Steady After Iran Ceasefire Extended,” while still noting that “stock futures lifted Tuesday evening” after Trump extended the ceasefire indefinitely.

Across the reports, the Strait of Hormuz blockade remained part of the same package: CoinDesk said the U.S. would “hold off on fresh attacks while keeping its Strait of Hormuz blockade in place,” and Benzinga said Trump asserted that the “U.S. blockade of the Strait of Hormuz will continue.”

Alongside the ceasefire headline, CoinDesk tied the rally to Strategy’s disclosed accumulation and to broader fund inflows into crypto products.

CoinDesk said the move followed “Strategy disclosed its largest BTC purchase in 17 months,” and specified that Strategy bought “34,164 bitcoins” for “$2.54 billion.”

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It added that “The new acquisition lifts Strategy's holdings to 815,061 bitcoins,” and that the position was “modestly in profit” as bitcoin moved higher.

CoinDesk also connected the price action to “$1.4 billion in weekly inflows to global crypto funds,” led by bitcoin and ether, and it broke down the week’s flows as “Bitcoin took $1.12 billion, Ethereum $328 million.”

The same CoinDesk report included a market-structure explanation, saying “Bitcoin is now holding above the realized price of short-term holders at around $69,400,” which it linked to reduced liquidation risk.

Traders Union described a different set of market mechanics, saying BTC “sitting well above its key moving averages” and that “overbought signals suggest an increased risk of pullback within the $74,000–$80,000 range.”

Benzinga added another risk lens, reporting “Nearly $270 million was liquidated in the past 24 hours,” and that “About $600 million in Bitcoin shorts were at risk of liquidation if the apex cryptocurrency reclaimed $80,000.”

While the ceasefire extension provided a near-term tailwind, Traders Union emphasized that compliance and regulatory risks for crypto transactions were rising alongside sanctions and scam activity.

It said “New U.S. sanctions on Iran-linked entities raise compliance and regulatory risks for Bitcoin transactions involving sanctioned actors,” and it described “scammers demanding Bitcoin fees from ships in the Strait of Hormuz” as increasing “sanctions liability and regulatory scrutiny for maritime operators.”

Traders Union also referenced the U.S. government announcing “new sanctions targeting individuals, entities, and aircraft for their roles in procuring and transporting weapons for Iran,” which it said “elevating compliance risks for international Bitcoin transactions linked to sanctioned parties.”

The same report described “Reports have surfaced of scammers impersonating Iranian authorities and demanding transit fees in Bitcoin from ships stranded at the Strait of Hormuz,” tying the scam directly to the payment channel.

It also connected the market’s volatility to policy uncertainty, saying “confirmation hearings for Federal Reserve Chair nominee Kevin Warsh” were underway and that they had led to “heightened market volatility.”

CoinDesk tied the macro backdrop to the same geopolitical theater, noting that “Brent crude hovered near $98 a barrel” and that the “MSCI Asia Pacific Index slipped 0.7% as investors weighed how long the Middle East conflict runs.”

Benzinga similarly linked the ceasefire to oil and risk appetite, saying oil prices were “highly volatile,” with “West Texas Intermediate crude futures climbing to $94.36 before slipping back below $90.”

Bloomingbit added that the U.S. decision to “maintain the closure of the Strait of Hormuz” pushed WTI “above $90 a barrel,” while also highlighting that Warsh’s remarks could affect expectations for monetary easing.

The outlets diverged in how they characterized the market’s immediate condition, even when referencing the same ceasefire extension.

CoinDesk framed the move as a break toward higher levels, saying “Bitcoin The cryptocurrency topped $78,000 on Wednesday morning,” and it laid out a conditional path: “A clean break above $80,000 would confirm the 46-day funding rate compression is flipping into a short squeeze,” while “A reversal below $75,000 would mean the ceasefire extension is already priced in.”

Benzinga

Benzinga, by contrast, described a more sideways consolidation, stating “Crypto Market Consolidates” and that “Bitcoin oscillated between $74,800 and $76,800,” while also reporting “Nearly $270 million was liquidated in the past 24 hours.”

Traders Union offered a technical band view, saying “BTC is expected to fluctuate within a typical volatility band between $74,000 and $80,000,” and it put the “probability of an extended rally” at “below 20%.”

Futu牛牛 emphasized a macro-and-sentiment narrative, saying Bitcoin “outperformed numerous assets, including traditional safe-haven asset gold,” and it quantified the relative performance as “Since February 27, gold has fallen by about 10%, while Bitcoin has risen over 15% during the same period.”

Bloomingbit focused on cross-asset moves, reporting “S&P 500 futures rose 0.4%” and that “Cryptocurrencies edged lower,” with “Bitcoin fell 0.5% … to about $75,500 on Binance's USDT market.”

Even within the same ceasefire-driven story, the sources therefore present different snapshots: CoinDesk’s “topped $78,000,” Benzinga’s “oscillated between $74,800 and $76,800,” Traders Union’s “$74,000–$80,000” corridor, and Bloomingbit’s “about $75,500.”

The sources repeatedly tied the next phase of crypto trading to specific levels, leverage conditions, and ongoing geopolitical and policy developments.

“Leading cryptocurrencies held steady, while stock futures lifted Tuesday evening after President Donald Trump extended the ceasefire with Iran indefinitely”

Benzinga

CoinDesk said “Whether bitcoin can hold $77,000 through the European session depends on how markets price the ceasefire extension against continued Strait of Hormuz disruption,” and it warned that “A clean break above $80,000 would confirm the 46-day funding rate compression is flipping into a short squeeze.”

bloomingbit

It also laid out a downside trigger, stating “A reversal below $75,000 would mean the ceasefire extension is already priced in and the rally needs a fresh catalyst.”

Benzinga anchored its outlook to liquidation mechanics, noting “About $600 million in Bitcoin shorts were at risk of liquidation if the apex cryptocurrency reclaimed $80,000,” and it reported “Open interest in Bitcoin futures fell 0.05% over the last 24 hours.”

Traders Union projected a near-term range and framed the base case as defensive, saying “Base case is sideways; I remain defensive as long as price fails to confirm strength above $80,000.”

It also stated “failure to hold the $74,000 support may open the way to deeper retracements.”

Futu牛牛 added that “once there is a clear breakout above $80,000, significant upside potential will be unlocked,” while also describing the longer context of a decline from “October high of $126,000.”

Bloomingbit brought in the policy channel, reporting that Kevin Warsh said “If appointed Fed chair, he would make decisions independently,” and that his remarks “may curb expectations for monetary easing.”