Bitcoin moves back above $75,000 as markets price in another diplomatic exit.
Bitcoin was trading at $75,733 on Tuesday morning, up 1.5% in 24 hours and 1.7% for the week, after Iran confirmed it would send a delegation to Pakistan for a second round of ceasefire talks. Ethereum was up 1.2% at $2,310, XRP was up 1.3% at $1.43, and BNB was up 1.5% at $630. Solana was the only laggard in the top 10, rising just 0.9% for the week and falling 1.1%.
The MSCI All Country World Index resumed gains after a pause on Monday, rising 0.1%, led by gains in Asian stocks, with the regional technology index rising 2.4%. Brent crude oil fell 0.7% to $94.81 a barrel, gold fell 0.6% to around $4,800 a barrel and silver fell 1% to $78.90 a barrel. U.S. Treasuries and the dollar were little changed.
The two-week ceasefire is set to expire on Wednesday evening Washington time, and Trump said on Monday he was unlikely to extend it. This deadline is the time the market is trading now.
Earlier on Tuesday, three ships attempted to pass through the Strait of Hormuz, where a U.S. and Iranian blockade remained in place, in the first test of whether the waterway is open before the deal is signed.
Bitcoin has lagged stocks throughout the cycle. The MSCI ACWI index is on an 11-day winning streak and has only fallen once since the conflict began to de-escalate, while Bitcoin has rebuilt from below $74,000 to just above $75,000 in the same time frame. Part of this lag is structural.
According to data from Bloomberg, funding rates for Bitcoin perpetual futures have remained negative for 46 consecutive days, one of the longest bearish derivatives positions since the FTX crash in late 2022.
According to SoSoValue statistics, net inflows into Bitcoin spot ETFs increased to $996.4 million last week, and net inflows into Ethereum spot ETFs were $275.8 million.
Research firm Kaiko said in a weekend report that a break above $76,000 would open the way to $85,000.
Miners add different signals. According to TheEnergyMag, listed mining companies sold a record 32,000 BTC in the first quarter, more than all of 2025 and higher than the 20,000 BTC miners sold after the Terra crash in the second quarter of 2022.
In the latest adjustment, Bitcoin’s mining difficulty fell by 2.43% to 135.59 trillion, while the network hash rate recovered from approximately 978 EH/s per month to 992 EH/s per Glassnode this month.
Traders looking for short-term signals will be watching headlines on the progress of the Pakistan talks, whether Bitcoin breaks above $76,000, which would trigger a short squeeze at the K33 mark, or whether Bitcoin falls back below $74,000 if Trump’s Wednesday deadline expires without a deal. Mining the data for deeper signals. The record-breaking selling by miners during the difficulty drop suggests that despite the price recovery, production economics remain compressed and any sustained rise above $80,000 will need to absorb continued selling from the same group.
