Crypto markets rebound on signs of easing Iran tensions, Bitcoin still down from all-time high of $57,359.49

Crypto Price Today, April 1, 2026: On the first day of April, the cryptocurrency market returned to a bullish trend. Bitcoin prices reached $68,640.51. There are signs of a softening of tensions in the Middle East.

Crypto markets rebound on signs of easing Iran tensions, Bitcoin still down from all-time high of $57,359.49

The cryptocurrency market appears to be rebounding on April 1, 2026. Today, Wednesday, the price of Bitcoin reached $68,640.51. This surge comes after signs of a thaw in the Iran war. During a conversation with reporters, US President Donald Trump stated that US troops would withdraw from Iran within two to three weeks. President Trump's statement has led to a rise in gold prices, a decline in crude oil prices, and a return of momentum in the crypto market.

Bitcoin Price Today

Bitcoin prices rose 1.81% in the past 24 hours, reaching $68,640.51. News of peace talks between the US and Iran has signaled a reduction in geopolitical tensions, a positive impact on risk-on assets. Furthermore, the United Arab Emirates is poised to join its allies in opening the Strait of Hormuz. Furthermore, the crypto market's rally is likely a result of buying driven by the closing of short positions.

Investors eye Federal Bank policy meeting and labor statistics data

Crypto investors will also be closely monitoring the employment and wage data for March released by the US Bureau of Labor Statistics. These data will be released on April 3, 2026. Federal Reserve Bank policies are also based on these data. The Federal Reserve Bank is scheduled to meet later this month, where a decision to keep interest rates stable based on market conditions may be made.

Ethereum and Pi Coin Performance

Ethereum's price is also recording a surge today, similar to Bitcoin's. After a 3.76% increase in the past 24 hours, Ethereum's price reached $2,130.95. This increase is driven by continued corporate purchases and staking by Bitmain. Pi Coin's price also recorded a 0.72% increase in the past 24 hours, reaching $0.1764.

Today, not only Bitcoin, Ethereum, and P-Coin, but many other cryptocurrencies are seeing gains. If tensions in the Middle East resolve soon, the crypto market could see another significant surge.