Bitcoin climbed above $72,000 in early April, reaching its highest level in three weeks, as risk appetite improved following news of a temporary ceasefire between the US and Iran. President Donald Trump agreed to a two-week halt on strikes against Iran, while Iran committed to temporarily reopening the Strait of Hormuz. The announcement came just under two hours before Trump’s deadline for Iran to act. The positive sentiment in global markets coincided with Bitcoin showing resilience in recent weeks, supported by easing institutional selling pressure. US-listed spot Bitcoin ETFs have also seen a rebound in investor demand, with recent inflows reversing previous outflows. After several months of declining interest, March recorded a stabilization in net inflows, reflecting renewed confidence in both the funds and the broader cryptocurrency market.
