Bitcoin Rides Diplomatic Hype Train to $71.5K as Trump's Iran Timeout Sends Bulls Roaring

Bitcoin punched through the $71,500 ceiling late on April 7 after President Donald Trump pulled the plug on planned military strikes against Iran—temporarily, at least. Because apparently even the most aggressive tariff man in America knows when to take a breather.

In a Truth Social post, Trump revealed he'd agreed to a two-week pause on strikes, credits going to direct conversations with Pakistan's PM and Army Chief Asif Munir. The hold is contingent on Iran greenlighting a "complete, immediate, and safe" reopening of the Strait of Hormuz, the world's most watched oil chokepoint. Nothing says "diplomatic breakthrough" like Pakistan playing marriage counselor between the U.S. and Iran.

Trump framed the ceasefire window as a diplomatic flex, claiming U.S. military objectives had already been achieved and a long-term peace deal with Tehran was nearly wrapped up. Iran's side?