Bitcoin Nears $75,000 as XRP Jumps. How Cryptos Can Break Out. — Barrons.com

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By Alex Kozul-Wright

The price of Bitcoin rose to nearly $75,000 early Thursday, as the U.S. and Iran agreed to meet in principle about extending their two week cease-fire agreement.

The world's largest cryptocurrency was up 0.4% to $74,209, according to CoinDesk data. Ethereum was down 0.6% and XRP was up 3.3%.

Crypto-linked stocks, meanwhile, were down. Brokerage firm Robinhood dropped 1.2% in early trading. Elsewhere, cryptocurrency exchange Coinbase fell 0.8% in premarket trading, as Strategy — the world's largest corporate holder of Bitcoin — dipped 0.8%.

With Washington and Tehran possibly set to return to the negotiating table, investors piled back into risk assets. The S&P 500 was up 0.2% while Nasdaq rose 0.3% early in the day, after the indexes closed at record highs Wednesday.

Deutsche Bank strategist Jim Reid said in a note: "Markets generally continue to trade on optimism that the conflict will ultimately be sorted out in weeks."

Dessislava Ianeva, an analyst at Nexo Dispatch, told Barron's in an interview: "$75,000 [for Bitcoin] could be an interesting psychological level. If it rises above that price, it could attract more buyers."

But she warned that sustained price action "will depend what happens in the Middle East," adding that "the rally remains fragile."

Looking ahead, digital asset traders will be hoping for a decisive end to the conflict. Until then, persistent geopolitical tensions may prevent a clear price move in one direction or the other.

Write to Alex Kozul-Wright at alexander.kozul-wright@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

source: https://www.tradingview.com/news/DJN_DN20260416002163:0/