Bitcoin (BTC) Price: Reclaims $76,000 as Iran Ceasefire Talks Resume in Pakistan

TLDR

• Bitcoin climbed back above $76,000 on April 21, up 1.5% in 24 hours, as Iran confirmed it would send a delegation to ceasefire talks in Pakistan.
• BlackRock’s IBIT ETF pulled in $871 million in weekly inflows, leading all crypto ETFs and helping push total U.S. spot Bitcoin ETF inflows to roughly $1.9 billion for the week.
• Funding rates on Bitcoin perpetual futures have been negative for 46 consecutive days, the longest stretch since the FTX collapse in 2022.
• Public Bitcoin miners sold a record 32,000 BTC in Q1 2026, more than all of 2025, adding supply pressure to the market.
• Research firm Kaiko says a break above $76,000 could open a path toward $85,000, while Polymarket traders price a 31% chance of BTC reaching $80,000 before the end of April.

Bitcoin traded at $76,056 on Tuesday, April 21, up 1.5% over 24 hours. The move came after Iran confirmed it will send a team to a second round of ceasefire talks in Pakistan, easing some of the geopolitical pressure that had pushed prices toward $70,900 earlier in the month.

The broader market moved higher too. Ether rose 1.2% to $2,310, XRP gained 1.3% to $1.43, and BNB climbed 1.5% to $630. The MSCI All Country World Index extended its rally, rising 0.1%, led by Asian equities.

The current two-week ceasefire between the U.S. and Iran expires Wednesday evening. President Trump said on Monday he is not likely to extend it. Three vessels attempted transit through the Strait of Hormuz early Tuesday, with blockades from both the U.S. and Iran still in place.

Brent crude fell 0.7% to $94.81 a barrel ahead of the deadline, while gold slipped 0.6% to about $4,800.

BlackRock Leads Record ETF Inflows

BlackRock’s spot Bitcoin ETF, IBIT, absorbed $871 million in inflows last week, according to Marc Baumann, founder of digital-asset research firm fiftyonexyz. Baumann posted on X on April 19: “IBIT (BlackRock). $871M weekly inflow. Led every crypto ETF.”

Total U.S. spot Bitcoin ETF inflows for the week came in at roughly $1.9 billion, the best five-day stretch since early February, per SoSoValue data. The single biggest day was April 17, when total net flows hit $663.89 million — the highest daily inflow in three months. IBIT alone brought in $283.96 million that day, with Fidelity’s FBTC adding another $163 million.

Year-to-date 2026, U.S. spot Bitcoin ETF inflows now sit near $2.3 billion. Total assets under management across all U.S. spot Bitcoin ETFs are near $96.5 billion, with IBIT holding around $55 billion on its own.

Miner Selling and Funding Rates

Despite the price recovery, some market signals remain cautious. Funding rates on Bitcoin perpetual futures have been negative for roughly 46 consecutive days, the longest such run since the FTX collapse in late 2022, according to Bloomberg data.

On the mining side, public Bitcoin mining companies sold a record 32,000 BTC in Q1 2026, per TheEnergyMag. That exceeds all miner selling in 2025. Bitcoin’s mining difficulty fell 2.43% to 135.59 trillion at the latest adjustment, while network hashrate sits around 992 exahashes per second.

Research firm Kaiko said a break above $76,000 would open a path toward $85,000. Key support sits between $73,000 and $75,000, with resistance near $79,000.

Spot Bitcoin ETF inflows hit $996.4 million last week, per SoSoValue, while Ethereum spot ETFs took in $275.8 million.

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