FX.co ★ Bitcoin Rises to 3-Week High

Bitcoin climbed above $72,000 in early April, marking its highest level in three weeks, as risk appetite improved following news of a temporary ceasefire between the United States and Iran. President Donald Trump agreed to a two-week pause on strikes against Iran, while Iran pledged to temporarily reopen the Strait of Hormuz. The announcement came less than two hours before Trump’s deadline for Iranian action.

This improvement in global market sentiment coincided with Bitcoin’s recent resilience, bolstered by a reduction in institutional selling pressure. US-listed spot Bitcoin ETFs have also experienced a revival in investor demand, with fresh inflows offsetting prior outflows. After several months of waning interest, March saw a stabilization in net inflows, signaling renewed confidence in both these funds and the broader cryptocurrency market.