Bitcoin Nears $75,000 as XRP Jumps. How Cryptos Can Break Out. -- Barrons.com

Dow Jones04-16 19:23

By Alex Kozul-Wright

The price of Bitcoin rose to nearly $75,000 early Thursday, as the U.S. and Iran agreed to meet in principle about extending their two week cease-fire agreement.

The world's largest cryptocurrency was up 0.2% to $74,333, according to CoinDesk data. Ethereum was down 0.3% and XRP was up 2.9%.

Crypto-linked stocks, meanwhile, were mixed. Brokerage firm Robinhood advanced 2.4% ahead of the bell. Elsewhere, cryptocurrency exchange Coinbase was up 0.2% in premarket trading, as Strategy -- the world's largest corporate holder of Bitcoin -- dipped 1%.

With Washington and Tehran possibly set to return to the negotiating table, investors piled back into risk assets. S&P 500 and Nasdaq futures were up 0.1% and 0.2%, respectively, early in the day after the indexes closed at record highs Wednesday.

Deutsche Bank strategist Jim Reid said in a note: "Markets generally continue to trade on optimism that the conflict will ultimately be sorted out in weeks," Deutsche Bank strategist Jim Reid said in a note Thursday.

Looking ahead, digital asset traders will be hoping for a decisive end to the conflict. Until then, however, persistent geopolitical tensions may prevent a clear price move in one direction or the other.

Write to Alex Kozul-Wright at alexander.kozul-wright@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

 

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April 16, 2026 07:23 ET (11:23 GMT)

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