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Bitcoin hits three-week highs but fails to hold $72,000 amid US-Iran ceasefire and inflation fears

Market News
08 Apr 2026
Cointelegraph
View Source
Neutral
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Bitcoin briefly surged to a three-week high near $72,865 following news of a US-Iran ceasefire, which boosted risk assets and eased oil supply fears. However, BTC price quickly retreated below $72,000 as traders remained cautious, awaiting a sustained breakout above this key level. Market watchers highlight that holding support around $69,500 is crucial for continued upward momentum, especially with upcoming US inflation data expected to increase volatility. The ceasefire provided short-term relief, but Bitcoin bulls still face challenges to maintain gains amid broader economic uncertainties.

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