Bitcoin Tests Ceiling Following Ceasefire -- Market Talk

Dow Jones04-08

0939 ET - Cryptocurrencies are surging in reaction to the two-week ceasefire between the U.S. and Iran, but the upside may be limited unless bitcoin can push through its resistance level of around $70,000 to $75,000, says Nic Puckrin of Coin Bureau. "If it manages, we could see a rally toward the $90k mark over the coming months," says Puckrin. However, he notes, bitcoin's ability to push through that resistance is linked to the outcome of the ceasefire--if it leads to a reopening to the Strait of Hormuz. "For now, it's a fragile truce at best," says Puckrin. Bitcoin is up 4.8% to around $72,600, while Ethereum rises 7% to $2,263, and XRP climbs 5.2% to $1.39, according to LSEG. (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

April 08, 2026 09:39 ET (13:39 GMT)

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However, he notes, bitcoin's ability to push through that resistance is linked to the outcome of the ceasefire--if it leads to a reopening to the Strait of Hormuz. \"For now, it's a fragile truce at best,\" says Puckrin. Bitcoin is up 4.8% to around $72,600, while Ethereum rises 7% to $2,263, and XRP climbs 5.2% to $1.39, according to LSEG. 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However, he notes, bitcoin's ability to push through that resistance is linked to the outcome of the ceasefire--if it leads to a reopening to the Strait of Hormuz. \"For now, it's a fragile truce at best,\" says Puckrin. Bitcoin is up 4.8% to around $72,600, while Ethereum rises 7% to $2,263, and XRP climbs 5.2% to $1.39, according to LSEG. 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