Bitcoin started the weekend on a high but gave back those gains quickly as tensions between the US and Iran escalated over the weekend.
BTC hit $78,300 on Coinbase late Friday — its highest price since early February. That rally faded fast. By Sunday night, Bitcoin had dropped below $74,000.
The trigger was Iran’s rejection of a second round of peace talks that were scheduled in Islamabad, Pakistan. Iranian officials blamed the US naval blockade of its ports and what they called contradictory demands from Washington.
Over the last 48 hours:
1. Iran has closed the Strait of Hormuz
2. The US claimed peace talks would resume with Iran tomorrow
3. Iran has backed out of peace talks with the US
4. Iran has accused the US of plotting a “surprise attack”
5. The US has struck and seized an…
— The Kobeissi Letter (@KobeissiLetter) April 19, 2026
Iran’s Foreign Affairs spokesperson Esmail Baghaei posted on X, calling the US blockade a violation of the ceasefire and of international law, including the UN Charter.
US President Donald Trump fired back, accusing Iran of a “serious violation” of the ceasefire after Iran opened fire in the Strait of Hormuz. Trump said he remains hopeful for a deal but warned it would happen “one way or another.”
The first round of talks took place April 11–12 in Islamabad and ran for over 21 hours without reaching any agreement. US Vice President JD Vance confirmed Iran did not accept American terms.
On April 19, Bitcoin fell to approximately $73,753 on Bitstamp, down around 2% in 24 hours. The move pushed BTC out of the $74,000–$77,000 range it had been holding.
The broader crypto market dropped alongside BTC, with an estimated $83 billion wiped from total market cap. The Crypto Fear & Greed Index sits at 29 out of 100, still firmly in “fear” territory.
US stock futures also fell Sunday night. S&P 500 futures dropped 0.8%, Nasdaq-100 fell 0.6%, and Dow Jones futures declined around 450 points. Oil futures jumped over 4.5% to above $95 a barrel on fears the Strait of Hormuz could be closed.
Analyst Wu Blockchain posted on X that Bitcoin spot ETFs recorded $996 million in net inflows for the week of April 13–17, marking three straight weeks of positive flows. Ethereum ETFs saw $276 million in inflows, XRP spot ETFs logged $55 million, and SOL spot ETFs added $35 million.
Last week Bitcoin spot ETFs logged $996M inflow, extending streak to 3 weeks
From April 13 to April 17 (ET), spot Bitcoin ETFs recorded net inflows of $996 million, marking the third consecutive week of net inflows. Spot Ethereum ETFs saw net inflows of $276 million. SOL spot… pic.twitter.com/LxcdbPFDDC
— Wu Blockchain (@WuBlockchain) April 20, 2026
Charts show support around $70,500–$71,000 and resistance near $75,000. BTC has tested $76,000 several times in recent weeks without holding above it.
Iran has rejected to take part in the 2nd round of talks with the US.
This $BTC fractal will continue to repeat. pic.twitter.com/g2hi9uaMRr
— Ted (@TedPillows) April 19, 2026
The ceasefire between the US and Iran expires Wednesday, April 22. Iran has rejected renewed talks and accused the US of violating the agreement. As of 8:30 p.m. ET Sunday, Bitcoin was holding just above $74,000.
The post Bitcoin (BTC) Price: BTC’s Weekend Rally Wiped Out as Iran Walks Away From Peace Talks appeared first on CoinCentral.
