April 6, 2026
The price of Bitcoin climbed above $69,000 on Monday, driven by growing optimism over a potential ceasefire between the Iran and the United States. The development could lead to the reopening of the strategically vital Strait of Hormuz, boosting global market confidence.
$BTC was last trading at $69,281, marking a 3.6% daily gain.
đ Ceasefire Framework Lifts Market Sentiment
According to reports from Reuters, both Iran and the United States have received a proposed ceasefire framework. The plan, reportedly coordinated by Pakistan, outlines a two-phase approach: Immediate ceasefire
Follow-up negotiations for a broader agreement
If approved, the deal could take effect quickly and reopen the Strait of Hormuzâthrough which roughly 20% of global oil supply flowsâimproving overall risk appetite in financial markets.
Earlier, Axios reported discussions around a 45-day ceasefire, potentially paving the way for a permanent resolution.
â ïž Ongoing Tensions Remain Despite optimism, Donald Trump maintained a firm stance, warning that Iran must restore tanker traffic through the Strait by Tuesday evening (8 p.m. ET).
He stated that failure to comply could result in attacks targeting Iranian infrastructure, including power plants and bridges.
đŒ Institutional Activity: Strategy Expands Bitcoin Holdings
In corporate developments, Strategy added 4,871 BTC to its reserves last week.
Average purchase price: $67,718 per Bitcoin
Total investment: ~$329.9 million
This brings the companyâs total holdings to 766,970 BTC, acquired at a cumulative cost of $58.02 billion, with an average price of $75,644 per coin.
According to CEO Michael Saylor, the holdings are currently about 8% below cost basis, reflecting an estimated $5 billion unrealized loss.
đ Altcoins Follow Bitcoinâs Lead
The positive market sentiment extended beyond Bitcoin, lifting major altcoins:
Ethereum rose 5% to $2,140
XRP gained 4.6% to $1.34
Solana climbed around 4%
Polygon increased 3%
Cardano jumped nearly 6%
Dogecoin added over 2%
đ§ Market Insight
The crypto marketâs rise reflects a broader ârisk-onâ sentiment, as geopolitical tensions show signs of easing. However, investors are also closely watching U.S. economic data, particularly strong payroll figures, which may influence future interest rate decisions.