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Bitcoin dips below $69K as Iran rejects ceasefire and Trump warns of military action, crude oil surges past $112.

Market News
07 Apr 2026
Blockonomi
View Source
Bearish
pluang ai news

Bitcoin briefly rallied above $69,000 after reports of a potential 45-day ceasefire with Iran but fell back to $68,589 following Iran's rejection of the ceasefire terms. President Trump issued a midnight ultimatum threatening military strikes if Iran did not agree to peace terms, escalating geopolitical tensions. This led to a surge in crude oil prices above $112 per barrel and a decline in US equity futures. Market uncertainty remains high as investors watch for further developments on the Iran conflict and upcoming economic data releases.

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