PANews reported on April 6th that, according to Decrypt, Bitcoin and global risk assets strengthened on news of potential ceasefire negotiations between the US and Iran. Bitcoin rose to $69,350 on Monday morning, a new weekly high. The news comes as media reports indicate that the US, Iran, and regional mediators are discussing a 45-day ceasefire framework, which, if reached, could lead to a longer-term ceasefire.

Analysts point out that this round of price increases is mainly driven by expectations of ceasefire negotiations, rather than Trump's tough rhetoric. The market's sensitivity to his statements has decreased, and it is more inclined to judge based on actual action signals. In the derivatives market, the crypto market has formed a typical "short squeeze," with both implied and realized volatility at low levels. Previous market sentiment was extremely fearful, creating conditions for a rebound. However, the situation in the Strait of Hormuz remains a key variable. If only a ceasefire is reached without a substantial resumption of shipping, the price increase may only be a short-term rebound; if negotiations fail, Bitcoin could still fall back to the $60,000 range.