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Why Is Bitcoin Trading Above $71,000 Despite the U.S.-Iran Ceasefire? $80,000 Call Surge and Hormuz Deadlock Fuel Market Volatility
The world’s leading cryptocurrency, Bitcoin (BTC), surged to $71,860 on April 10, 2026, as traders recalibrated risk following the U.S.-Iran ceasefire announcement. While the 14-day truce initially cooled the war premium, a strategic deadlock in Islamabad regarding the Strait of Hormuz has sparked a massive short squeeze. With over $427 million in crypto shorts liquidated, institutional eyes are now fixed on a mid-month breakout.