Bitcoin pared losses Thursday evening after President Trump extended his pause on strikes against Iran’s energy infrastructure by 10 days to April 6. BTC had fallen to $68,756 — down over 3% on the day — as reports emerged that the Pentagon was preparing a “final blow” in Iran. The Nasdaq fell 2.4% in the same session. Brent crude rose 5% to $107/bbl before Trump’s Truth Social post offered brief relief.
Pattern Holding
This marks the second extension since March 23, when Trump’s original five-day pause triggered a surge from $67,500 to $71,817 — followed by a violent reversal after Iran denied any talks had taken place. That single whipsaw produced $415 million in liquidations within four hours. Thursday’s reaction was more muted: the market recognized the pattern and priced it accordingly.
“Crypto is trading in lockstep with equities right now, not as a haven. Sentiment is at historic lows.”
— Rachael Lucas, BTC Markets analyst,
The Numbers to Watch
Key support sits at $68,000, with $65,800 as the next level if that breaks. Bitcoin needs to reclaim $71,500 to establish any credible recovery. Despite the volatility, Bitcoin ETFs have recorded $1.43 billion in net inflows so far in March — institutional buyers are treating dips as entries even as the Fear and Greed Index sits below 25 for a 46th consecutive day.
The Strait of Hormuz remains blocked. Iran formally denied Trump’s claim of productive talks. The IAEA flagged strikes near the Bushehr nuclear plant as a potential radiological risk. April 6 is the new deadline — the next hard catalyst in either direction.
