Bitcoin Surges 5% But ETFs Bled $159M: Is This A Bull Trap?

Bitcoin (CRYPTO: BTC) surged 5% after the White House announced a two-week U.S.-Iran ceasefire, yet ETFs bled $159 million on April 7.

The Ceasefire Rally

Bitcoin briefly rose to $71,700 on Wednesday morning, marking its highest point since March 18. 

The price surge coincided with President Trump’s announcement that the U.S. and Iran agreed to a “double-sided ceasefire” for two weeks. 

Trump previously warned of “complete demolition” of Iran’s power plants and bridges if Iran didn’t reopen the Strait of Hormuz by Tuesday.

“The reason for [ceasefire] is that we have already met and exceeded all military objectives, and are very far along with a definitive agreement…

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Bitcoin Reclaims $71,000 As Ethereum, XRP, Dogecoin Rise 5% On Iran Ceasefire – Grayscale Bitcoin Mini Tr

Bitcoin is up 5% to reclaim the $71,000 level after President Trump overnight announced a two-week ceasefire with Iran.

Bitcoin ETFs saw $159 million in net outflows on Tuesday, while Ethereum ETFs reported $64.7 million in net outflows.  

Meme coin market capitalization jumped 4% to $34.7 billion over the past 24 hours.

Trader Commentary: 

Trader Lennaert Snyder maintained a bullish outlook, identifying $74,800 as the next key liquidity target. He added that short trades remain possible but should be treated as countertrend given the broader bullish bias.

Ted Pillows said Ethereum has broken above the $2,150 to $2,200 resistance zone, signaling near-term strength. A sustained move above…

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Bitcoin Price Pumps Above $72,000 On Trump, Iran Ceasefire

Bitcoin price surged late Tuesday, climbing roughly 5% from a day-long range near $67,000–$68,000 to an intraday high of $72,753, as geopolitical tensions eased following a surprise ceasefire announcement tied to U.S.-Iran negotiations.

The rally came after Donald Trump said he would suspend further military escalation against Iran for two weeks, provided Tehran agrees to reopen the Strait of Hormuz — a critical artery for global oil shipments. The announcement marked a sharp shift from earlier rhetoric, when Trump had threatened strikes on Iranian infrastructure if a deal was not reached by an 8 p.m. ET deadline.

In a post on Truth Social, Trump described the development as a…

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FDIC Advances Stablecoin Oversight Framework Under GENIUS Act With New Prudential Rule Proposal

The Federal Deposit Insurance Corporation (FDIC) has advanced a new regulatory framework that begins to define how U.S. banks and their subsidiaries may issue and manage stablecoins under the GENIUS Act, marking a significant step in the federal oversight of dollar-pegged digital assets.

In a proposed rule approved on April 7, the FDIC outlined requirements for “permitted payment stablecoin issuers” (PPSIs), which are expected to operate as subsidiaries of FDIC-supervised institutions. The framework sets standards for reserves, redemption practices, capital, liquidity, cybersecurity, and risk management, and is now open to a 60-day public comment period.

The proposal implements…

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Spot Bitcoin ETFs Roar Back With $471 Million Inflows As BTC Weathers Volatility – ARK 21Shares Bitcoin E

Bitcoin (BTC) is trading near $69,000, but for investors there is much more to talk about. Strong inflows of smart money into spot Bitcoin ETFs are quietly contributing to stability, defying the geopolitical instability and Bitcoin’s quantum resistance worries. The ETFs are becoming more structural, absorbing supply and cushioning downside even as volatility lingers.

The leading digital currency has seen some brief movements above $70,000 but soon fell back under the $69,000 level. This movement sparked a liquidation of around $196 million of short positions, per CoinDesk. Bitcoin is showing resilience by maintaining vital levels despite lingering macro uncertainties. Also, the Crypto…

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Demand For Crypto Pay Surges, But Payroll Systems Fall Behind: Research

A growing share of workers are open to receiving part of their paycheck in crypto, even as most employers have yet to offer it. New survey data from Oobit shows a gap between employee demand and workplace adoption, pointing to a shift in how compensation could evolve.

The study, based on responses from 1,004 full-time employees, found that 43% of workers are interested in receiving some portion of their pay in digital assets. Among those who already own digital assets, interest rises to 57%, suggesting familiarity plays a central role in adoption.

Still, crypto payroll remains rare. Only 7% of respondents said their employer currently offers a crypto payment option. At the same…

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Paolo Ardoino Confirmed As A Bitcoin 2026 Speaker

Paolo Ardoino has been officially confirmed as a speaker at Bitcoin 2026. As CEO of Tether (the issuer of the world’s largest stablecoin) and CTO of Bitfinex, Ardoino sits at the center of two of the most influential companies in the Bitcoin ecosystem and arrives in Las Vegas with one of the most expansive views of where Bitcoin is headed.

Ardoino graduated from the University of Genoa’s Computer Science program in 2008 and began his career as a researcher on a military project focused on high-availability, self-recovering networks and cryptography. He joined Bitfinex as a senior software developer in 2014 and became CTO in 2016. In 2017, he also became CTO of Tether. He was…

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Bitcoin, Ethereum, XRP, Dogecoin Falter As Trump’s Iran Ultimatum Shakes Sentiment – Grayscale Bitcoin Mi

Bitcoin is down on Tuesday as geopolitical tensions rise following Donald Trump’s ultimatum to Iran.

Notable Statistics:

Coinglass data shows 79,800 traders were liquidated in the past 24 hours for $181.99 million.            

SoSoValue data shows net inflows of $471.3 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net inflows of $120.2 million.

In the past 24 hours, top gainers include edgeX, Zcash and Bitcoin SV.

Notable Developments:

Trader Notes: Crypto trader Jelle noted Bitcoinconsolidating just below a key resistance level, with significant liquidity positioned below current prices. This setup suggests the possibility of choppy, range-bound…

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American Crypto Fraud Topped $11 Billion In 2025, Shattering Records: FBI

The FBI’s Internet Crime Complaint Center released its 2025 annual report earlier today, revealing that cryptocurrency-related fraud drained more than $11.3 billion from American victims last year — a figure that now accounts for more than half of all reported cybercrime losses nationwide.

The report, covering data gathered from the FBI’s IC3 platform, logged a total of 1,008,597 complaints with $20.877 billion in combined losses — a 26% jump from 2024 . 

Within that staggering total, the cryptocurrency descriptor alone generated 181,565 complaints and $11.366 billion in losses, making digital assets the single most loss-heavy category tracked in the report.

For…

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Bitcoin Is Overperforming Stocks, Bonds, Gold During Iran War, Anthony Pompliano Says

Bitcoin (CRYPTO: BTC) has been flat to slightly up during the Iran conflict while stocks, bonds, and gold all sold off, according to ProCap Financial CEO Anthony Pompliano.

The Iran Outperformance

Bitcoin has been the shining light over the Iran conflict, Pompliano explained. Stocks are down, bonds are declining, and gold is falling, yet Bitcoin has been flat to slightly up.

Over the last year, the opposite occurred—Bitcoin fell while those assets rose. 

The recent divergence challenges the narrative that Bitcoin simply tracks beta to risk assets, suggesting holders view it differently during geopolitical chaos.

“I think that there’s a little bit of light at the end of the tunnel for…

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