The post Bitcoin (BTC) price has room to rally, but there’s a catch: Crypto Daybook Americas appeared on BitcoinEthereumNews.com.

By Omkar Godbole (All times ET unless indicated otherwise) It’s risk-on again for markets after a Reuters report suggested a ceasefire plan between the U.S. and Iran could come into effect on Monday, potentially reopening the Strait of Hormuz. Bitcoin BTC$69,637.76 has climbed over 4% over 24 hours to nearly $70,000, lifting sentiment across the broader market. The CoinDesk 20 Index and XRP (XRP) also added 4%, while ether (ETH) jumped over 5%, alongside a 3% gain in solana (SOL). The tone is reinforced by bullish signals in the futures market, a continued decline in bitcoin’s 30-day implied volatility index, and a 0.8% gain in Nasdaq 100 futures. Meanwhile, Michael Saylor, founder of Strategy — the world’s largest publicly listed bitcoin holder — hinted at another BTC purchase. The company already holds 762,099 BTC, underscoring its dominant reserve position and long-term accumulation strategy. The Organization of the Petroleum Exporting Countries (OPEC) agreed to increase oil output quotas by 206,000 barrels per day for May, a symbolic effort to relieve energy market stress. Together, these point to potential for further upside in crypto. But there’s a caveat. Recent ceasefire headlines citing unidentified sources have proven unreliable, often being debunked or outright rejected by Iran. If that pattern repeats, markets could quickly reverse course. Another key question is whether any U.S.-Iran ceasefire would be binding on Israel. If not, the current risk-on sentiment may prove short-lived. Notably, the latest ceasefire push is being described as a last-ditch effort to prevent the “massive strikes on Iranian civilian infrastructure,” President Donald Trump threatened over the weekend. Meanwhile, the oil market continues to inject inflationary pressure into the global economy. Earlier today, Bloomberg reported that Saudi Arabia raised the price of its Arab Light crude for Asia-bound shipments in May to a record-high premium over…

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Filed under: News - @ April 6, 2026 11:27 am