Bitcoin Hits $72.7K on Trump’s Iran Ceasefire Announcement, Marking 3-Week High

Posted on April 8, 2026 by Olumide Adesina

Bitcoin reached $72.7K, its highest level since March 18..The action came after US President Trump announced a two-week cease-fire with Iran, contingent on the Strait of Hormuz being reopened. Latest price action showed gains are probably only temporary, though, as it hasn’t yet broken out of a two-month-long rangebound channel.

Iran accepted the proposal, and Mojtaba Khamenei, the nation’s new Supreme Leader, approved it. While oil prices have plummeted, with WTI and Brent crude falling about 15% to $96 per barrel, Asian stock markets, cryptocurrency, and precious metals have all surged, somewhat reducing inflationary pressures.

The high-stakes 48-hour deadline that US President Donald Trump imposed on Iran turned into a two-week ceasefire with the immediate reopening of the Strait of Hormuz under military control, giving the larger cryptocurrency market an overnight boost. On Friday, more talks to complete the peace agreement will start in Islamabad, Pakistan. As previously reported by FXStreet, an Iranian official claims that the 10-point plan includes reopening the Strait of Hormuz under Iranian military supervision.

However, talks with the US do not signify the end of the war, and the final details of the plan will determine its outcome. The market’s bearish wipeout is reflected in the $596 million total market liquidations over the past 24 hours, which were led by $430 million in short liquidations, according to CoinGlass.

Cryptocurrency prices may rise if inflation declines sufficiently and the Fed chooses to reduce interest rates. Crypto markets may rise even if the Fed doesn’t lower interest rates and employment and growth continue to show signs of a robust economy. According to Santiment’s social sentiment data, “the crowd is optimistic that this news is the catalyst for this conflict reaching its conclusion.

Ripple: XRP Bounces Like a Ball as Inflows Keep Pouring In

Posted on April 8, 2026 by Olumide Adesina

XRP experienced notable price movement recently, currently trading around $1.35–$1.39 with a 24-hour gain of roughly 3–5 percent and trading volume exceeding $2.7–3.8 billion in the past day.

XRP-focused digital asset investment products posted high weekly movement among digital assets with $120 million in inflows. This is the highest amount since December 2025, when it reached a year-to-date total of $159 million, or 7% of all assets under management.

The altcoin reached highs above $1.50 in mid-March 2026 (up almost 8% in a single day ) before declining. In recent weeks, it has been consolidating in the $1.30–$1.45 range; some analysts have noted that if it decisively clears $1.45, it could be a breakout setup.

Although performance has been inconsistent thus far in 2026 (down about 20–25 percent at times due to broader macro pressures), still far below its all-time high from 2025, which was around $3.60–$3.65. Correlation with the broader cryptocurrency market:

XRP frequently moves in tandem with Bitcoin and the market as a whole. BTC’s use as a “hedge” during periods of global uncertainty has coincided with spikes (geopolitical tensions or energy prices). Inflows into XRP-related investment products, such as early-launch ETFs, are indicators of institutional and adoption.

SK Hynix Gains Momentum After Samsung Earnings Beat Forecast

Posted on April 8, 2026 by Olumide Adesina

South Korean chipmaker SK Hynix surged after competitor Samsung Electronics’ quarterly earnings were predicted to beat the market.

Expectations for SK Hynix’s performance increased. Samsung Electronics predicted a significant increase in its first-quarter operating profit on Tuesday, exceeding analyst expectations. This resulted from the increasing demand for artificial intelligence infrastructure, which strained supply and raised chip prices.

Korea Investment and Securities considerably increased its projection of SK Hynix’s operating profit for the year.

The primary reason for this increase was the notable price increases for both DRAM and NAND chips. This increase led to a 28% increase in operating profit, which was greater than estimated

SK Hynix’s share price rose by 15%, surpassing both the market’s 7% increase and Samsung’s 8.7%. SK Hynix is the second-biggest producer of memory, after Samsung Electronics. SK Hynix shares increased by 15% to 1,050,000 won ($712.20) each, outpacing both the market’s 7% increase and Samsung’s 9% gain.

The second-biggest memory chip producer after Samsung Electronics, SK Hynix, will release its January–March earnings later this month.

Intel Stock Surges 4% as It Joins Elon Musk’s Massive Terafab AI Chip Project

Posted on April 8, 2026 by Olumide Adesina

Intel C has joined Elon Musk’s long-term endeavor to create semiconductors for Tesla Inc. (TSLA), SpaceX, and xAI, indicating an unexpected development in the chipmaker’s attempt to make a comeback.

Intel announced on Tuesday that it will assist the so-called Terafab project in “refactoring” the technology in a chip factory.

This phase of the development process contributes to chips being more robust or dependable. The chipmaker’s shares increased by 4.2 percent to $53 in New York trading on Tuesday.

Musk’s ambitious plan to eventually produce his own chips for robotics, artificial intelligence, and space data centers is known as the Terafab project. The project intends to generate an enormous amount of computing power annually, roughly one terawatt of capacity.

Although Musk’s businesses have never produced chips, Tesla already designs its own. He now envisions doing that on a scale to compete with Taiwan Semiconductor Manufacturing.

Intel CEO Lip-Bu Tan stated, “Terafab represents a step change in how silicon logic, memory, and packaging will be built in the future.”

Intel is honored to collaborate closely with Elon on this extremely important project. “Terafab’s goal of producing 1 TW/year of compute to power future advances in AI and robotics will be accelerated by our ability to design, fabricate, and package ultra-high-performance chips at scale,” Intel added in its post. Musk stated in March.

The CEO spent a large portion of the previous year eliminating positions and other expenses. However, he also drew significant investments from Nvidia Corp. and the US government. and SoftBank Group Corp., which gave it a stronger foundation. Intel agreed last week to repurchase half of an Irish plant it had previously sold to Apollo Global Management for $14.2 billion. The action was interpreted as an indication of trust in the chipmaker’s operations.

Crude Oil Plunges Most in Nearly Six Years After US-Iran Ceasefire Deal

Posted on April 8, 2026 by Olumide Adesina

Crude oil fell the most in nearly six years following the US and Iran’s agreement to a two-week ceasefire, which gave markets a break from the volatility caused by the Middle East conflict.

West Texas Intermediate fell as much as 19% after President Donald Trump decided to halt bombing Iran in an effort to help restore oil flows through the Strait of Hormuz.

Iran stated that during that time, it would be safe to travel through the waterway.

Brent crude, a global benchmark, fell 13% to $94.50 per barrel. The Asia Pacific equity index of the MSCI surged 5% to its highest level in five weeks as traders wagered that lower oil prices would help curb inflation and spur economic expansion. Wall Street gauge stock index futures increased by over 2.5 percent, while European contracts saw a 5.3 percent increase.

Three Fed officials voiced concerns about inflation and slowing growth on Tuesday, before the ceasefire announcement.

Vice Chair Philip Jefferson stated that interest rates are generally in a range that neither stimulates nor inhibits the economy. In contrast, Fed Bank of New York Governor John Williams stated that his predictions regarding underlying price pressures in the US remained mostly unchanged.

According to Assiri, “gold remains highly sensitive to political developments in the near term.” “The current ceasefire offers a brief period of respite, but it is brittle and contingent. He continued, “Any indication of breakdown, especially near the Strait of Hormuz, would probably reintroduce volatility and downside risk.”

Gold Climbs After Trump Agrees to a Two-Week Ceasefire in Iran

Posted on April 8, 2026 by Olumide Adesina

Gold prices increased after US President Donald Trump and Iran agreed to a two-week ceasefire to complete negotiations on ending the conflict that has rocked international markets.

Bullion added to a gain of 1.2 percent in the previous session, rising as much as 3.2 percent to above $4,850 per ounce. Less than two hours before a self-imposed deadline to destroy Iran’s “whole civilization,” Trump announced on social media that he had consented to halt bombing, citing the reopening of the Strait of Hormuz as a crucial prerequisite.

Iran claimed that safe travel across the strait was “possible.” Gold valued in US dollars was supported when oil fell below $100 per barrel, and the dollar also declined.

The MSCI’s Asia-Pacific index reached a three-week high as stocks surged. Bullion’s traditional haven appeal has been diminished by some investors’ need to cover losses elsewhere in their portfolios, and it has traded mostly in tandem with stocks since the start of the Middle East conflict.

Energy prices have surged, and inflationary risks have increased as the conflict enters its sixth week, increasing the likelihood that central banks will postpone or even raise interest rate reductions.

Bond traders anticipate the Federal Reserve will maintain stable borrowing costs for the remainder of the year, which would be detrimental to non-yielding gold. Since the start of the conflict at the end of February, the price of gold has dropped by roughly 9%. Hopes for a ceasefire and expectations that a slowdown in global economic growth will act as a counter to bets on stable or higher borrowing costs have fueled a modest recovery in recent days.

Three Fed officials voiced concerns about inflation and slowing growth on Tuesday before the ceasefire. Vice Chair Philip Jefferson stated that interest rates are generally in a range that neither stimulates nor inhibits the economy, while Fed Bank of New York Governor John Williams stated that his predictions regarding underlying price pressures in the US remained mostly unchanged.

Sunshine on Ripple, Shadows on Price: Why XRP is Losing Its Shape

Posted on April 7, 2026 by Olumide Adesina

XRP is in danger of recording seven consecutive monthly losing candles for the first time since the 2013–2014 cycle.

XRP has been one of the biggest losers in the multi-month decline in the overall cryptocurrency market, down 63.6% from its peak in July 2025. Unless April reverses the trend, XRP is now expected to experience a seventh consecutive monthly loss due to the selling pressure

The current market turbulence began in October 2025 following the 10/10 market crash, with record liquidations. While Bitcoin (BTC) and the entire cryptocurrency market were negatively impacted, XRP experienced some of the biggest losses. Since October 2025,

XRP has continuously seen lower highs and lower lows, continuing this trend to this day. In March 2026, Bitcoin and a few other tokens recorded their first monthly gain of the year, ending the market’s five-month losing streak.

One of the unfortunate tokens that continued the negative trend was XRP, which saw drops in March and posted six straight monthly losses. It’s interesting to note that even the 2022 implosions of Terra and FTX caused three consecutive monthly losses each, meaning XRP had not experienced such a long losing streak in more than ten years.

Although XRP had a positive start to April, the positive momentum soon subsided on the first day of the month.

According to recent data from Santiment, the average XRP wallet that has been active over the previous year has seen a roughly 41% decrease in its holdings

The MVRV (Market Value to Realized Value) ratio is now at its lowest point since the FTX collapse.

According to the MVRV metric, which indicates whether traders are making money or losing money, XRP investors are currently in extremely bad shape. Santiment’s analysis indicates that this represents real realized losses among market participants rather than just a price decline.

Such extremely negative returns have historically indicated what traders refer to as a “blood in the streets” phase, when selling pressure starts to wane. Because many weaker hands have already sold their positions, Glassnode observed that this environment tends to lower downside risk in zero-sum markets like cryptocurrency.

Silver Still More Than 40% Below January High of $121.6 per Ounce

Posted on April 7, 2026April 7, 2026 by Olumide Adesina

Silver is still more than 40 percent below its peak of $121.6 per ounce on January 29, despite a nearly 6.5 percent increase in price over the past week. The precious metal has found strong support from the same factors that drive its sister metal, gold, coupled with a tighter supply amid strong industrial demand.

Silver hit an intraday high of $69.7 per ounce early on March 26. It dropped as low as $67 per ounce later in the session. The white metal settled at $67.97. Silver fell as traders sold their paper market positions to cover margin calls, much like gold did.

The white metal peaked on March 27 at $70.3 per ounce before it closed at $69 as the market stabilized.

Silver continued to rise on Monday as the appeal of non-yielding assets grew amid falling US Treasury yields, closing at $70.12 after reaching an intraday high of US$71.72 in early morning trading.

Gold and silver futures are among the most actively traded non-crypto contracts on Binance, indicating rising demand for safe-haven assets amid rising geopolitical tensions. The rise in gold and silver futures trading can be attributed to both geopolitical and economic factors.

Precious metals are becoming more popular due to US trade tariffs, West Asian tensions, and the ongoing peace talks between Russia and Ukraine. This risk-off sentiment is typically negative for Bitcoin as investors move to safer assets. The Bitcoin price target market has no trading volume, indicating a lack of active speculation.

Gold and silver futures activity indicate that traders are hedging against potential escalations that could impact Bitcoin’s trajectory. This pattern suggests that the market’s sentiment has changed.

Gold Prices Drop After Trump Signals Possible Truce

Posted on April 7, 2026April 7, 2026 by Olumide Adesina

Gold dropped after US President Donald Trump increased his threats in advance of a deadline he set for Iran to reopen the Strait of Hormuz or risk more attacks on civilian infrastructure.

Bullion fell 0.5 percent after Trump stated that Iran could be “taken out” by Tuesday, shortly after the Wall Street Journal revealed that the US military is preparing for possible attacks on Iranian energy targets. The dollar decreased in value, and Treasury yields rose in reaction to Trump’s remarks because gold is priced in US dollars and pays no interest.

In an apparent allusion to his ultimatum to Iran, which expires on Tuesday at 8 p.m., Trump stated during a Monday press conference at the White House, “The entire country can be taken out in one night, and that night might be tomorrow night.

Gold has fallen more than 10% since the conflict started at the end of February as rising energy prices raise inflation concerns and lessen the possibility of interest rate cuts, which typically benefit the non-yielding precious metal. The appeal of bullion as a haven has also decreased because investors have to sell their holdings to cover other losses.

Gold and silver futures are among the most actively traded non-crypto contracts on Binance, indicating rising demand for safe-haven assets amid rising geopolitical tensions. Bitcoin is under pressure to hit $100,000 by June 30.

The rise in gold and silver futures trading can be attributed to both geopolitical and economic factors. Precious metals are becoming more popular due to US trade tariffs, West Asian tensions, and the ongoing peace talks between Russia and Ukraine. This risk-off sentiment is typically negative for Bitcoin as investors move to safer assets. The Bitcoin price target market has no trading volume, indicating a lack of active speculation.

Bitcoin Drops Below $69K as Trump’s Iran Deadline Triggers Risk-Off Selloff

Posted on April 7, 2026 by Olumide Adesina

Cryptocurrencies were caught up in the general market volatility ahead of President Donald Trump’s deadline for Iran, which caused Bitcoin to decline on Tuesday. The biggest cryptocurrency was trading at about $68,460 after falling as much as 2.2 percent.

The decline erased the day’s gains. Other digital assets declined as well. Ether saw a 2.8 percent decline. Ahead of Trump’s deadline on Tuesday, when he threatened to bomb Iranian civilian infrastructure unless the Strait of Hormuz was opened, world stocks moved.

Bulls lack sufficient conviction to sustain breakouts, and bears are unable to force a decisive breakdown.

Investors have mostly stayed on the sidelines due to the escalation of risks in the conflict with Iran since it was revealed that Iran had rejected a ceasefire proposal. Oil prices have skyrocketed since the war began, and Trump claimed that any agreement to end the conflict would include opening the strait, a vital trade waterway. Brent crude increased on Tuesday, building on gains of about 50% since the conflict began at the end of February.

Gold fell more than 10% since the beginning of the conflict and was essentially flat for the day. With indications that institutional selling pressure is lessening, Bitcoin has proven relatively resilient.

In addition to the $22.3 million in inflows last week, US-listed spot Bitcoin exchange-traded funds saw $471.3 million in net inflows on Monday. Since the beginning of March, Bitcoin has mostly remained trapped between $65,000 and $75,000. Cryptocurrency trading has been poor since a dramatic selloff in October