Updated: 20.04.2026
- The breakdown of the US-Iran agreement caused Bitcoin volatility, but not its decline.
- On Monday, April 20, the price of BTC rose above $76,000.
On Monday, April 20, after falling to an intraday low of $73,753 Bitcoin recovered to the level of $76,500.
This came despite clashes between the US Navy and Iranian forces over the weekend that dashed hopes for an extension of the ceasefire between the countries and the stabilization of financial and commodity markets.
Bitcoin Price. Data from CoinGecko
The daily chart shows that by 5 a.m. Bitcoin briefly fell below $74,700, followed by a new rise to $75,600. The same pattern repeated itself a little later: the leading kriptovalyuta fell below $75,000 for the third time before a sharp rebound allowed it to break above $76,000 again.
Previous maximum The collapse was triggered by Iran’s announcement to resume commercial transit through the Strait of Hormuz, which sent oil prices plummeting below $90 per barrel. The sudden drop in energy prices became the main catalyst for a broad-based rally, briefly supporting both stocks and the digital asset market.
However, the optimism was short-lived. Just hours after the strait opened, Tehran accused Washington of negotiating in bad faith, citing President Donald Trump’s announcement that the blockade of Iranian ports would continue. This diplomatic collapse led to the closure of the strait.
Against this backdrop, Asian stock markets managed to post modest gains despite rising energy prices, while European markets were gripped by pessimism. European giants, including the CAC and DAX, lost more than 1%, while US markets opened lower as investors braced for further volatility.
Cryptocurrency market fluctuations on Monday led to a reduction in the number of traders liquidating over-leveraged positions. In Bitcoin alone, leveraged positions totaling $126,31 million were liquidated, with long positions accounting for nearly $82 million. Overall, liquidations in the cryptocurrency market exceeded $390,5 million, with long positions amounting to $247 million.
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