Bitcoin has punched through $71,000, its highest price level in nearly a month, after the US and Iran agreed to an initial ceasefire, sending risk assets surging across the board. BTC is up 4.5% in 24 hours, trading at $71,500, with the broader crypto market cap climbing to $2.5 trillion. President Trump announced a two-week suspension of bombing operations against Iran, raising hopes for a reopening of the Strait of Hormuz. Crude oil slumped on the news while US equity futures surged. Bitcoin spiked as much as 6% to $72,700 in early Asian trading, with Ether gaining 7.4% to $2,270. BREAKING: President Trump says the US will be "helping with the traffic buildup" in the Strait of Hormuz, Iran can "start reconstruction," and the US will be "loading up with supplies and just 'hanging around' in order to make sure everything goes well." "This could be the… pic.twitter.com/T50afdzwDk — The Kobeissi Letter (@KobeissiLetter) April 8, 2026 “Bitcoin jumped up this morning on the temporary ceasefire and relief that further escalation had been averted for now,” said Caroline Mauron, co-founder of Orbit Markets. ETF flows are confirming the shift. Spot Bitcoin ETFs drew $471.3 million in net inflows on Monday alone , building on $22.3 million last week — a sharp reversal from nearly $300 million in outflows the prior week. Institutional selling pressure is visibly easing. Whether this momentum survives a two-week ceasefire window is the operative risk. Is this a relief bounce, or the start of something structural? Discover: The best pre-launch token sales Can Bitcoin Price Hit $85,000 Now? The technical setup is clean, Bitcoin is pressing against the $71,000–$71,500 resistance zone, which also corresponds with the 200-period EMA on the 4-hour chart. RSI has made a decisive U-turn above its 14-period moving average, approaching 60, a threshold that historically precedes accelerating momentum. Volume is cooperating. A 90% spike in trading volume accompanied the breakout attempt, and over $97 million in short liquidations were triggered in a single hour in a classical short-squeeze mechanics, compressing supply just as demand arrives. BTC USD, TradingView For BTC, closing a daily candle above $71,500 on strong volume helps momentum to accelerate toward $76,000, with $85,000 as the macro target if ETF inflows sustain. A price consolidation between $70,000 and $71,500 is evident as markets await confirmation that the ceasefire holds. However, if the ceasefire collapses or inflation data disappoints, a drop back below $70,000 can reopen the $65,000–$67,000 range once again. As we have seen it over and over, war news has whipsawed BTC before. Discover: The best crypto to diversify your portfolio with Hyper Targets Early-Mover Upside as Bitcoin Breaks $71K BTC at $71,000 is exciting. But at this market cap, even a 20% move requires billions in new capital. Early-stage infrastructure within the Bitcoin ecosystem operates on entirely different math, and one presale is absorbing serious attention right now. Bitcoin Hyper ($HYPER) is positioning as the first Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, a combination that delivers smart contract execution faster than Solana itself, while inheriting Bitcoin’s security and trust layer. The project targets Bitcoin’s three core limitations directly: slow transactions, high fees, and zero programmability. A Decentralized Canonical Bridge handles native BTC transfers across layers without wrapped-token friction. The presale has already raised north of $32 million at a current token price of just $0.0136782 , with high-APY staking live for early participants. The traction, over $32 million from a standing start, suggests genuine demand. For traders watching Bitcoin’s breakout but wanting asymmetric positioning: research Bitcoin Hyper here . The post Bitcoin Price Prediction: Trump Sends BTC to $71,000 – Iran War Ceasefire Happening appeared first on Cryptonews .
