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Bitcoin, ether, solana hold steady as Trump sets Tuesday night deadline for Iran deal
Oil jumped above $112 on threats to destroy Iranian infrastructure if no agreement is reached by midnight, while crypto markets gave back Monday’s ceasefire rally gains.
Apr 7, 2026, 4:30 a.m.
What to know:
- Bitcoin slipped to about $68,600 after a brief cease-fire-driven rally, extending a six-week pattern in which geopolitical headlines spark short-lived price moves within a $65,000 to $73,000 range.
- Monday’s jump, fueled by reports of a potential 45-day cease-fire, triggered nearly $200 million in short liquidations before prices retreated as Iran reportedly rejected the proposal and demanded broader concessions.
- Traders are watching a Tuesday night deadline set by President Trump for Iran to accept a deal, as his threats of severe military action and rising oil prices add to macro uncertainty already clouded by mixed U.S. economic data and unclear Fed policy signals.
The pattern of the past six weeks continued in textbook fashion, where positive headlines breifly boost prices before negative comments cull any chances of extended recovery.
“This move looks less like a shift in fundamentals and more like positioning getting caught offsides,” said Diana Pires, chief business officer at sFOX. “Heading into the weekend, sentiment was heavily skewed bearish and short interest had built up across the market. Once ceasefire headlines hit, that positioning had to unwind.”
