Bitcoin climbs above $75,000 as markets price in further foreign policy departures.
The cryptocurrency rose 1.5% in 24 hours and 1.7% for the week after Iran confirmed it would send a delegation to Pakistan for second ceasefire talks. Ether (ETH) rose 1.2% to $2,310, $XRP ($XRP) rose 1.3% to $1.43, and BNB rose 1.5% to $630. Solana (SOL) was the only laggard in the top 10, up just 0.9% and down 1.1% for the week.
The MSCI All Country World Index resumed its rise after a pause on Monday, rising 0.1% with Asian stocks leading the gains, while the regional tech index rose 2.4%. Brent crude oil fell 0.7% to $94.81 a barrel, gold fell 0.6% to about $4,800 and silver fell 1% to $78.90. US Treasuries and the dollar were little changed.
The two-week ceasefire is set to expire Wednesday night Washington time, but President Trump said Monday that it was unlikely to be extended. That is the deadline the market is currently trading on.
Three ships attempted to pass through the Strait of Hormuz early Tuesday amid the continued blockade by the United States and Iran, the first test to see if the waterway would open before a deal is signed.
Bitcoin has lagged the stock market throughout this cycle. MSCI ACWI has been on an 11-day rally, only stumbling once since de-escalation began, while Bitcoin has spent the same period recovering from below $74,000 to just over $75,000. Part of that delay is structural.
Bitcoin perpetual futures funding rates have been negative for about 46 consecutive days, the longest such streak since the FTX collapse at the end of 2022, according to Bloomberg data.
Net inflows into the Bitcoin Spot ETF increased to $996.4 million last week, while the Ethereum Spot ETF saw $275.8 million in inflows, according to SoSoValue.
Research firm Kaiko said in a weekend note that a break above $76,000 would pave the way for $85,000.
The mining side adds another signal. Public mining company sells record 32,000 pieces $BTC More than 20,000 people in the first quarter, more than in all of 2025, according to TheEnergyMag $BTC Miners were dumped after the collapse of Terra in Q2 2022.
In the latest adjustment, Bitcoin mining difficulty has decreased by 2.43% to 135.59 trillion, while the network hashrate has rebounded from approximately 978 exahashes per second per glass node to 992EH/s this month.
Traders looking for short-term signals will be watching to see if Bitcoin breaks above $76,000 on headlines about progress in Pakistan negotiations, whether this flags a short squeeze at K33, or if it falls below $74,000 if President Trump’s Wednesday deadline expires without a deal. There are deeper signals in the mining data.
Miners selling at a record pace through the decline in difficulty suggests that the productive economy remains compressed despite the price recovery, and a sustained rally above $80,000 will require absorbing continued bond selling from the same cohort.
