Bitcoin Surpasses $75,000 as Ceasefire Talks Progress and Equities Rally Gains Momentum

Bitcoin has regained its footing above $75,000 as the market anticipates a potential diplomatic resolution. The cryptocurrency saw a 1.5% increase over 24 hours and a 1.7% gain over the week, following Iran's confirmation of its attendance at a second round of ceasefire talks in Pakistan. Other notable cryptocurrencies, such as Ether, XRP, and BNB, also experienced gains, while Solana trailed behind with a modest 0.9% increase. The global equities market, as measured by the MSCI All Country World Index, resumed its upward trend, rising 0.1% as Asian equities led the charge. In contrast, Brent crude prices fell 0.7% to $94.81 per barrel, while gold and silver prices also declined. With the two-week ceasefire set to expire on Wednesday, markets are closely watching the developments. The Strait of Hormuz saw three vessels attempt to pass through early Tuesday, marking the first test of the waterway's accessibility before a potential deal. Bitcoin has been lagging behind equities throughout this cycle, with the MSCI ACWI experiencing an 11-day rally. Funding rates for bitcoin perpetual futures have remained negative for 46 consecutive days, according to Bloomberg data. Net inflows into spot bitcoin ETFs reached $996.4 million last week, while Ethereum spot ETFs saw $275.8 million in inflows. Research firm Kaiko predicts that a break above $76,000 could pave the way for a surge to $85,000. On the mining front, public mining companies sold a record 32,000 BTC in the first quarter, exceeding the total sold in all of 2025. Bitcoin's mining difficulty decreased by 2.43% to 135.59 trillion, while the network's hashrate recovered to 992 EH/s. Traders are watching for a potential break above $76,000, which could trigger a short squeeze, or a slide back below $74,000 if the deadline expires without a deal. The mining data suggests that production economics remain under pressure, despite the price recovery, and a sustained rally above $80,000 would need to account for continued selling by miners.