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Breaking News: Circle (CRCL) Sued Over $280M Drift Protocol Hack—What Plaintiffs Claim
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Breaking News: Circle (CRCL) Sued Over $280M Drift Protocol Hack—What Plaintiffs Claim

Bitcoin Pulls Back Below $74K As Iran Tensions Rise Again

Christian Encila
Christian Encila
Last Updated: April 20, 2026 9:37 am
2 mins read
Bitcoin

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The Crypto Fear & Greed Index crept up two points to 29 out of 100 on Monday — its highest reading since late January — but that number still signals fear among Bitcoin investors.

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Markets had barely settled from a rough weekend before the index was being watched again as a barometer of just how shaky confidence remains in the crypto space.

That unease has a clear cause. A two-week ceasefire between the US and Iran, which had given financial markets a brief lift and helped keep oil prices in check, is now under serious strain. It is set to expire Wednesday.

Source: Alternative.me

US Military Seizure Rattles Markets

The trouble started Saturday when Iran said it would shut down key oil shipping lanes through the Strait of Hormuz.

Bitcoin, which had climbed to $78,300 on Coinbase late Friday — its strongest price since early February — quickly gave up those gains. By Saturday and into early Sunday, it had slid to between $75,000 and $76,000.

BTCUSD trading at $75,098 on the 24-hour chart: TradingView

Then came Sunday night. The US military opened fire on an Iranian cargo ship and later took control of it, saying the vessel had attempted to break through a US blockade of Iranian ports.

Tehran called the move a ceasefire violation and vowed retaliation. Iran also pulled out of peace talks scheduled for Monday in Islamabad, Pakistan.

Bitcoin dropped sharply. It briefly fell under $74,000.

JUST IN: Bitcoin falls under $74,000 after Iran rejects second round of peace talks with the US. pic.twitter.com/Bxyx687J3a

— Watcher.Guru (@WatcherGuru) April 19, 2026

Stock Futures And Oil Feel The Pressure Too

Crypto was not the only market caught off guard. S&P 500 futures fell 0.78% Sunday night. Nasdaq-100 futures dropped 0.6%. Dow Jones futures lost roughly 450 points, or about 0.89%.

Oil moved in the opposite direction. With Iran threatening to close the Strait of Hormuz — one of the world’s most critical shipping corridors for crude — oil futures surged more than 4.5%, pushing above $95 a barrel.

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Ceasefire Expiry Puts Wednesday In Focus

The coming days will likely determine where things head next. With Iran rejecting new negotiations and the ceasefire window closing fast, traders are watching closely.

The brief rally Bitcoin enjoyed last week, built partly on hopes that US-Iran tensions were cooling, has been wiped out.

At last check, Bitcoin was trading near $75,098.

Featured image from Meta, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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