Bitcoin and Ethereum prices hovered at $66,552 and $1,998 on Wednesday following slight crypto market recovery that unfolded amid rising geopolitical tensions and renewed macroeconomic uncertainty. Cryptocurrencies market capitalization was close to 2.36 trillion and consolidation continued.
President Trump Extends Iran Diplomacy Deadline
President Donald Trump extended his deadline for Iran regarding the Strait of Hormuz by ten additional days. He announced the decision on Truth Social, citing ongoing diplomatic discussions with Tehran.
Trump stated that talks were progressing well despite conflicting media narratives. He described the temporary pause as a response to a request from Iranian officials.
The extension delays potential strikes on Iranian energy infrastructure until April 6, 2026. Trump indicated flexibility in his deadlines, noting that prior ultimatums had also shifted.
He emphasized that the United States had already gained strategic advantages in the conflict. The conflict has now extended to nearly four weeks.
According to WSJ, President Trump has signed a strategy to make a ground invasion into Iran that may take up to 2 months.
The situation is getting heated following Iranian missile attacks that injured more than 15 American citizens in a military base in Saudi Arabia.
An attack on a place such as the Kharg Island would cut off 90% of the Iranian oil exports.
The wider risk aversion in financial markets has been driven by a geopolitical tension. The issue of inflation has been raised again due to the growth of oil prices and shaky labor statistics.
Crypto Prices Jump Following Strait of Hormuz Developments
Bitcoin has rebounded above $68,000 on Tuesday following two days of market volatility. Bitcoin’s gain came after a crypto market correction that sent ripples through exchanges around the world.
The cryptocurrency’s second-largest coin, ether, has also breached $2,000, and the broader digital asset market has continued to climb. Total market capitalization was up 1.29% to $2.36 trillion in the last 24 hours. The gain was seen as a macro-driven relief rally on changing geopolitical sentiments.
The UAE has indicated it will assist efforts to protect the Strait of Hormuz. The market is also anticipating President Trump’s address concerning a potential Iran ceasefire. De-escalation prospects have removed the recent “war tax” and boosted risk assets.
Bitcoin and Ethereum Funds Record Solid Daily Inflows
Bitcoin spot exchange-traded funds were reporting significant inflows towards the end of March, and this saw a revival of interest among investors.
According to data on SoSoValue, total net inflows stood at $118 million on March 31, Eastern Time. Two new ETFs that tracked Ethereum spot exchange also drew new capital in the same trading session.
The source of data shows that net inflows in Ethereum products were 31.17 million. The statistics indicate stable institutional investment in regulated crypto investment vehicles. Market participants observed that ETF flows usually reflect overall sentiment changes at the institutional level.
The cumulative inflows underscore the persistent need of digital asset exposure with conventional financial instruments.
Bitcoin and Ethereum Price Prediction: Key Levels To Watch
Near-term market outlook: Bitcoin remains locked in a consolidation range as traders react to macroeconomic uncertainty and geopolitical developments.
BTC reflects movement between $60,000 support and $72,500 resistance during this corrective phase.
A clear break of below $60,000 may enhance bearishness. Nevertheless, a consistent close over $72,500 would indicate recovery of the structure and new bullishness.
If sentiment improves, the long-term BTC projection could rally toward the $75,000 level in the near term.
Source: TradingviewEther price hovered around the 2000-2,100 support range, with more macro market sentiment weak and wary.
A break below support risks a retest toward $1,910 under persistent selling pressure. In case the bulls take over again above the $2,000 level, the Future ETH outlook may seek to recuperate in the short run in the $2,300-$2,500 zone.
Source: https://coingape.com/markets/bitcoin-and-ethereum-2026-price-outlook-after-trumps-iran-diplomacy-ends/
