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Bitcoin Pulls Back Below $74K As Iran Tensions Rise Again
April 20, 2026
Posted 2 hours ago by
The Crypto Fear Greed Index crept up two points to 29 out of 100 on Monday — its highest reading since late January — but that number still signals fear among Bitcoin investors. Related Reading: Strategy Raises 1.76B War Chest As Saylor Signals Bigger Bitcoin Buy Markets had barely settled from a rough weekend before the index was being watched again as a barometer of just how shaky confidence remains in the crypto space.
That unease has a clear cause. A two-week ceasefire between the US and Iran, which had given financial markets a brief lift and helped keep oil prices in check, is now under serious strain. It is set to expire Wednesday. Source: Alternative.me US Military Seizure Rattles Markets The trouble started Saturday when Iran said it would shut down key oil shipping lanes through the Strait of Hormuz. Bitcoin, which had climbed to 78,300 on Coinbase late Friday — its strongest price since early February — quickly gave up those gains. By Saturday and into early Sunday, it had slid to between 75,000 and 76,000. Then came Sunday night. The US military opened fire on an Iranian cargo ship and later took control of it, saying the vessel had attempted to break through a US blockade of Iranian ports. Tehran called the move a ceasefire violation and vowed retaliation. Iran also pulled out of peace talks scheduled for Monday in Islamabad, Pakistan. Bitcoin dropped sharply. It briefly fell under 74,000. JUST IN: Bitcoin falls under 74,000 after Iran rejects second round of peace talks with the US. pic.twitter.com/Bxyx687J3a — Watcher.Guru (@WatcherGuru) April 19, 2026 Stock Futures And Oil Feel The Pressure Too Crypto was not the only market caught off guard. SP 500 futures fell 0.78 Sunday night. Nasdaq-100 futures dropped 0.6. Dow Jones futures lost roughly 450 points, or about 0.89. Oil moved in the opposite direction. With Iran threatening to close the Strait of Hormuz — one of the world’s most critical shipping corridors for crude — oil futures surged more than 4.5, pushing above 95 a barrel. Related Reading: Alibaba AI Model Puts XRP Price Between 7 And 42 By Year-End Ceasefire Expiry Puts Wednesday In Focus The coming days will likely determine where things head next. With Iran rejecting new negotiations and the ceasefire window closing fast, traders are watching closely. The brief rally Bitcoin enjoyed last week, built partly on hopes that US-Iran tensions were cooling, has been wiped out. At last check, Bitcoin was trading near 75,098. Featured image from Meta, chart from TradingView
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