Bitcoin climbed by 1.5% in the past 24 hours, breaking above the $75,000 mark. This upward move was boosted by news that Iran will send a new delegation for ceasefire talks with Pakistan. While market optimism grew, cryptocurrencies showed mixed performances. Ethereum rose to $2,310, and XRP reached $1.43. Binance Coin also gained 1.5%, hitting $630. However, Solana lagged behind with just a 0.9% uptick and posted a weekly decline.
Diplomacy shifts market sentiment
Global risk appetite is on the rise, with the MSCI All Country World Index edging up 0.1% led by Asian stocks and a 2.4% jump in regional tech shares. In contrast, Brent crude fell by 0.7% to $94.81 per barrel. Gold shed about 0.6% to $4,800, while silver slipped 1% to $78.90. Meanwhile, US Treasury yields and the dollar remained largely unchanged.
On the geopolitical front, Iran’s announcement of a new round of ceasefire talks with Pakistan fuelled hopes that tensions in the region are cooling. However, the current ceasefire expires on Wednesday evening, and former US President Donald Trump has hinted that there will be no further extensions. Many see this date as a crucial turning point for the markets.
Bitcoin still trails global stocks
The recovery in cryptocurrencies lags behind global equities. The MSCI index has logged nearly 11 days of steady gains since the conflict started de-escalating, while Bitcoin has only recently begun reclaiming the $75,000 territory after a two-week struggle.
According to Bloomberg data, Bitcoin perpetual futures funding rates have remained negative for around 46 days, marking the longest stretch of negative rates since late 2022.
Last week, spot Bitcoin ETF products recorded a total net inflow of $996.4 million. Ethereum-focused ETFs attracted $275.8 million. In a weekend note, research firm Kaiko said that if Bitcoin climbs above $76,000, it could clear the way for a move toward $85,000.
Miners ramp up historic Bitcoin sales
Meanwhile, mining activity brought attention-grabbing figures. According to TheEnergyMag, public mining companies sold a total of 32,000 Bitcoin in the first quarter. This surpasses both the total sold in all of 2025 so far and the 20,000 Bitcoin released after the Terra collapse in Q2 2022.
The most recent network adjustment saw Bitcoin’s mining difficulty fall by 2.43%, reaching 135.59 trillion. At the same time, total network hash power climbed from 978 exahash per second to 992 EH/s this month.
Short-term investors are now watching whether Bitcoin can breach the $76,000 mark when the ceasefire expires on Wednesday and as Trump’s statements are made clear. If talks falter and prices dip back below $74,000, analysts warn that selling pressure could intensify.
Record-high Bitcoin sales by miners, coupled with the drop in mining difficulty, indicate that despite price recovery, miner revenues have not seen significant improvement. For a sustained rally, prices need to hold above $80,000 and selling pressure from miners must stabilize.
This volatile period has seen Bitcoin react sharply to both diplomatic developments and market flows. Industry participants are closely monitoring whether peace talks and price levels can bring lasting stability to digital assets.
The recent inflows into both Bitcoin and Ethereum ETFs highlight sustained institutional interest, even as market performance remains uneven compared to traditional stocks.
Overall, the crypto market’s next moves may hinge on high-stakes negotiations and the shifting strategies of large miners. Developments in these areas could set the tone for the coming weeks.
