Bitcoin remains steady at $75,000 amid US-Iran tensions, showing a 6.3% weekly gain despite geopolitical challenges.
Bitcoin is currently priced at approximately $75,000, reflecting a slight decline of 0.2% for the day but an increase of 6.3% over the past week. This stability comes in the wake of recent geopolitical tensions, notably the US seizing an Iranian vessel while Iran has regained control over the crucial Strait of Hormuz.
Ethereum has dipped 1% to $2,300. Among the top 10 cryptocurrencies, only HYPE experienced a significant decline of 4.7%, while others saw minimal losses.
In the broader crypto market, total liquidations reached $419 million in one day, with $218 million of that linked to long positions.
Traditional markets reacted more sharply to the escalating conflict in the Middle East, with Brent crude oil prices rising by 5% to $95 and WTI crude reaching $87 per barrel. European stock indices opened lower in response.
Gold prices saw a slight increase of 0.4%, reaching $4,791 per ounce, while the dollar index dropped by 0.03%.
Market Reactions
Tehran had recently announced the Strait of Hormuz as "fully open," but US President Donald Trump’s threats to target Iranian infrastructure have escalated tensions. There are indications that Iran may skip further negotiations while the US maintains its naval blockade.
Analysts from CoinDesk noted that the cryptocurrency market has absorbed recent Middle Eastern events with relative calm, contrasting with the volatile reactions seen in oil and stock markets. They suggest that the digital asset sector has priced in the main risks, while traditional markets are still adjusting.
According to QCP analysts, the current low volatility suggests investors are anticipating a prolonged conflict rather than immediate spikes in intensity. They emphasized that the market is assessing the duration of the conflict rather than its immediate impacts.
"The market is evaluating not the intensity but the duration of the war, which may drag on but remain within current parameters," they stated.
Investor focus is also on upcoming comments from Kevin Warsh, a candidate for the Federal Reserve chair position, which could influence expectations regarding interest rates amid ongoing geopolitical uncertainties.
"Warsh's insights on interest rates and the economy could act as a short-term catalyst, especially if they support expectations for policy easing," analysts noted.
Looking Ahead
Bitcoin has managed to establish itself above the realized price of short-term holders, particularly those who entered the market within the last month, whose breakeven point is around $69,400. Analyst Darkfost indicated that this positioning may restore confidence among new market participants.
📊 Bitcoin is now establishing itself above the realized price of the most price-sensitive Short-Term Holders cohort (1w-1m), around ~$69,400.
This helps restore some confidence among participants who entered the market recently.
Bitcoin is currently testing the realized price for holders who have been in the market for one to three months, around $74,900, which is crucial after the correction that began in October 2025. Darkfost highlighted the importance of whether these investors will hold or liquidate their positions during this test.
If Bitcoin surpasses this level and stabilizes, it could alleviate pressure from short-term holders, allowing for upward movement towards the next significant resistance level at $92,000, where earlier short-term holders are positioned.
Additionally, a new price gap has formed on the CME exchange at $77,400, with trader Ash Crypto noting that Bitcoin has historically filled 90% of such gaps within a week. If this trend continues, it could result in the liquidation of $1.6 billion in short positions, providing further upward momentum.
"If this pattern repeats, the liquidation volume of short positions will reach $1.6 billion, adding upward momentum," Ash Crypto remarked.
MN Trading's Michaël van de Poppe noted Bitcoin's recent resilience, suggesting that despite typical investor caution before US market openings, Bitcoin is poised for a retest of local highs, with a target set at $77,300. Between April 13 and 17, crypto funds attracted $1.4 billion, indicating a recovery in investor sentiment.
