U.S.–Iran Reach Temporary Ceasefire, BTC Breaks Above $72,000
Summary
Macro: Trump warned that Iran’s “civilization could come to an end,” sending the Nasdaq down more than 1.5% intraday. After the U.S. market close, Trump announced acceptance of Pakistan’s mediation proposal for a two-week ceasefire, with both Israel and Iran agreeing to the plan. He also stated that Iran had agreed to restore navigation through the Strait of Hormuz, easing geopolitical concerns.As a result, WTI crude futures reversed sharply lower, while U.S. equities erased intraday losses to finish slightly higher. Gold extended gains, approaching the $4,800 level.
Crypto Market: With the U.S. and Iran agreeing to a two-week temporary ceasefire, Middle East tensions eased and market panic subsided. Bitcoin rebounded above $72,000, leading a broader crypto rally, with Ethereum and other major assets moving higher in tandem.
Project Developments
Trending Tokens: ZEC, EDGE, KMNO
-
ZEC: The privacy token ZEC surged 24% in the past 24 hours, leading gains among the top 100 tokens by market capitalization.
-
EDGE: Both price and volume expanded significantly, with rising market attention. 24-hour trading volume increased by over 6x compared to the previous day, and the token gained more than 28% in a single day.
-
UDS: Boosted by news of an upcoming major update to the flagship game of the Undeads ecosystem, expectations strengthened, driving the token up over 9% in a single day.
-
MORPHO: Interest rate dislocations fueled on-chain arbitrage demand, with Morpho’s monthly borrowing volume surpassing $4 billion, pushing the token up over 7% in a day.
-
USD1: WLFI partnered with Aster DEX, making USD1 the exclusive settlement asset for Aster’s RWA market, with all TradFi perpetual contracts settled exclusively in USD1.
-
BOB: The upcoming launch of BOB Gateway, featuring fixed-rate instant Bitcoin swaps, boosted market expectations and trading activity. 24-hour trading volume rose more than 4x.
Major Asset Performance
Data as of April 8, 2026, 00:00 (UTC+0)
-
BTC: $71,924.50 (24h: +4.46%)
-
ETH: $2,240.24 (24h: +6.30%)
-
S&P 500: 6,616.84 (24h: +0.08%)
-
NASDAQ: 22,017.85 (24h: +0.10%)
-
WTI: $96.36 (24h: -14.77%)
-
Crypto Fear & Greed Index: 17 (vs. 11 24h ago) — Extreme Fear
Today’s Watchlist
-
Speech on monetary policy by Chicago Fed President Austan Goolsbee (2027 FOMC voter)
-
Eurozone February PPI (MoM)
-
STABLE token unlock: 6.83% of circulating supply (~$25.37 million)
Macro Developments
-
Iran’s Supreme Leader reportedly ordered all military units to cease fire.
-
Iran disclosed the core elements of a ten-point proposal submitted to the U.S. via Pakistan.
-
U.S. forces have halted military strikes against Iran.
-
Explosions were reported near Iran’s key oil export hub, Kharg Island.
-
Iran rejected a formal temporary ceasefire agreement, demanding transit fees for vessels passing through the Strait of Hormuz.
Crypto Policy
-
South Korea introduced new regulations requiring crypto exchanges to verify asset reserves every five minutes.
-
The U.S. FDIC proposed new regulatory measures stating that stablecoins would not be covered by deposit insurance.
Industry Highlights
-
CME Group plans to launch AVAX and Sui futures on May 4, with 24/7 trading support beginning May 29.
-
Starknet announced entry into Phase 4, introducing privacy enhancements and Bitcoin interoperability.
-
Argentine financial institutions began testing JPMorgan’s deposit token, JPM Coin.
-
Hyperscale Data increased its Bitcoin holdings to 639 BTC, valued at approximately $44.1 million.
-
CertiK launched AI Auditor, achieving 88.6% real vulnerability detection with low false positives.
-
Polygon will activate the Giugliano hard fork to improve transaction finality speed.
-
Tether’s CEO revealed the team is developing a decentralized search engine named “hypersearch.”
Weekly Outlook
April 8
-
Speech by Chicago Fed President Austan Goolsbee (2027 FOMC voter)
-
Eurozone February PPI (MoM)
-
STABLE unlock: 6.83% (~$25.37 million)
April 9
-
U.S. 10-Year Treasury Auction (High Yield)
-
FOMC Meeting Minutes
-
U.S. Q4 Real GDP (Final, Annualized QoQ)
-
AVAT unlock: 9.14% (~$3.65 million)
-
MOVE unlock: 5.04% (~$3.17 million)
April 10
-
U.S. March CPI (YoY, NSA)
-
U.S. March CPI (MoM, SA)
-
U.S. March Core CPI (MoM, SA)
-
U.S. March Core CPI (YoY, NSA)
-
U.S. April 1-Year Inflation Expectations (Prelim)
-
BABY unlock: 12.33% (~$5.46 million)
April 12
-
APT unlock: 1.38% (~$9.43 million)