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Bitcoin hovered near $72,000 following a major options expiry, while geopolitical tensions and Strait of Hormuz disruptions signaled ongoing market uncertainty.

BTC trades at $71,666 on April 10, pressing into the descending channel’s upper boundary for the first time since October as $358M in ETF inflows land alongside trader caution over whether the Iran ceasefire survives the weekend.

A global oil route is now at the center of a crypto debate. The Strait of Hormuz, which carries nearly 20% of the world’s oil, has become more than just a geopolitical hotspot. Reports that Iran may ask tankers to pay tolls in Bitcoin or yuan have sparked a bigger question: which cryptocurrency actually fits the future of global finance?

Bitcoin traders are showing renewed confidence as bets on an $80,000 price rise take the lead. On , the $80,000 call — a wager that Bitcoin will climb past that level — has overtaken the $60,000 put, which dominated recent months. Open interest at $80,000 now exceeds $1.6 billion, compared with $1.41 billion for $60,000 puts.

Bhutan has stepped up its Bitcoin selling activity, moving another 250 BTC worth about $17.73 million to exchanges, to blockchain analytics platform Arkham Intelligence.

Crypto ATM operator Bitcoin Depot has reported a security breach that led to the theft of more than 50 Bitcoin, worth around $3.6 million, according to a with the U.S. Securities and Exchange Commission.

Iran is moving to charge oil tankers up to $2 million per ship to pass through the Strait of Hormuz, with payments requested in Bitcoin or other cryptocurrencies.

Bitcoin posted a 37.4% gain in November 2024, setting a recent benchmark for monthly performance. Analysts are now asking whether conditions in April 2026 can produce a similar outcome, and the answer depends on several key variables that currently point in opposite directions.

BTC trades at $71,879 on April 8, pulling back slightly from a three-week high of $72,738 after the US and Iran agreed to a two-week ceasefire. All four EMAs still slope downward overhead, with the 20-day at $69,070 the only one reclaimed so far.

Bitcoin price action is showing renewed strength in early April, yet long-term cycle models continue to point to potential downside before the next major expansion phase. Data shared by PlanB indicates that while Bitcoin remains aligned with historical growth patterns, its current position within the cycle shows further consolidation or drawdown may still occur before a new all-time high is reached.

Bitcoin suddenly broke above the $72K price tag, trading at $71,400 at press time. Meanwhile, veteran economist Peter Schiff has used the moment to push a fresh bearish scenario, tying price risk to both market structure and geopolitical tension.

Concerns about quantum computing breaking crypto security have resurfaced. New research and market debate have pushed the timeline forward, but Blockstream founder Adam Back says the risk is not immediate.

Bitcoin critic Peter stirred the pot again this week, saying the cryptocurrency could drop to $10,000 (about 90% decline) by the end of 2026 and still come out ahead of most investments over 10 years.

Bitcoin mining firms are converting digital asset holdings into cash as balance sheet priorities shift, with recent disclosures showing large-scale Bitcoin sales by both MARA Holdings and Riot Platforms. The transactions, disclosed through company filings and on-chain data, show a shift among major miners toward using Bitcoin reserves for debt reduction and operational funding, marking a change in capital allocation strategies.

Bitcoin dropped $1,100 in 30 minutes on Monday after reports emerged that the US military was actively planning strikes on Iranian energy infrastructure. No stock market was open. No bond desk had time to react. But Bitcoin had already moved.

Bitcoin rose by 4% to $70,000 today after Reuters reported a possible ceasefire plan between Iran and the United States. The move could reopen the Strait of Hormuz and ease market tensions. Traders responded quickly to the news, pushing prices higher.

Bitcoin (BTC) continues to trade within a tight range as traders watch key levels for direction, while momentum builds on the 4-hour chart. The price holds near a consolidation base around the mid-$60K zone, and this structure signals a market preparing for a decisive move. Besides, short-term indicators show early strength, yet broader trend signals still lack confirmation.

Gold advocate Peter Schiff and Bitcoin proponent Michael Saylor are debating about Bitcoin again, and this time the argument has a number attached to it. Schiff opened the exchange on Sunday by pointing out that Bitcoin has returned just 12% over the past five years, while gold gained 163%, silver 181%, the S&P 500 59.4%, and the Nasdaq 57.4% over the same period.

Blockstream founder Adam Back told Coinedition that he sees growing support for a phased quantum upgrade path for Bitcoin. His comments come as debate continues around how fast the network should move toward post-quantum security.

Jack Dorsey has sparked renewed interest in early-Bitcoin-era mechanics by highlighting the return of the Bitcoin faucet, a tool that once distributed free BTC to encourage adoption. Block’s Bitcoin-focused account announced the return of the faucet on April 6, 2026.