Bitcoin moves off lowest level as worst of weekend fears slip away

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin moves off lowest level as worst of weekend fears slip away As the U.S. blockade of the Strait of Hormuz goes into effect, reports say Iran is considering the abandonment of uranium enrichment as a way to end the war. By Helene Braun | Edited by Stephen Alpher Apr 13, 2026, 2:53 p.m. Make preferred on Bitcoin bounces on Iran fear settles down (Getty images) What to know : Bitcoin moved off the worst of its weekend levels in U.S. Monday morning trading. Reports suggested Iran was mulling concessions over its nuclear program as a way to end the war. U.S. stocks have also reversed sizable early losses, with crypto-related shares broadly higher. The slide that began Saturday night, after Vice President J.D. Vance left Pakistan without securing a peace deal in Iran, has, for the moment, somewhat reversed. After falling to as low as $70,500 at one point Sunday, the price of bitcoin has bounced back to $72,100 during U.S. Monday morning trading hours. Helping were reports suggesting Iran was considering the abandonment of its enriched uranium as a concession towards ending the war. U.S. stocks have also reversed big early losses, the Nasdaq now higher by 0.3% after sliding more than 1%. Meanwhile, the promised U.S. blockade of the Strait of Hormuz — scheduled for 10 am ET — has apparently gone into effect. "Security in the Persian Gulf and the Sea of Oman is either for everyone or for NO ONE," the Islamic Republic of Iran Broadcasting reported Monday. "NO PORT in the region will be safe," based on a statement from Iran’s military and the Revolutionary Guards. Crypto-related stocks are on the move higher as well, led by a 8.3% gain for stablecoin issuer Circle (CRCL). Coinbase (COIN) is up 3.1% and Strategy (MSTR) by 1.5%. Read more: Strategy buys 13,927 bitcoin for $1 billion, entirely through STRC Does lightning strike twice? Bitcoin has now been consolidating for 67 days since its local bottom on Feb. 5 at $60,000, almost identical to the 68-day consolidation period between Nov. 21 and Jan. 28, which preceded a sharp drop from roughly $90,000 to $60,000 in the span of a week. Bears anticipate a similar outcome, which may include a retest of the 200-week moving average around $60,000. BTCUSD (TradingView) Bitcoin News More For You Nearly $120 million of XRP just moved to Coinbase in whale transaction By Omkar Godbole , AI Boost | Edited by Stephen Alpher 1 hour ago XRP is flat over the past 24 hours, but down more than 60% from its summer 2025 peak. What to know : Nearly 89.8 million XRP, worth about $119 million, was moved through intermediary wallets to a Coinbase-linked address. Such large "whale" transfers to centralized exchanges are often seen as a sign that major holders may be preparing to sell or rebalance their positions, though other motives are possible. Read full story Latest Crypto News ClearBank secures MiCA approval, targets Circle euro, dollar stablecoins for institutional clients 52 minutes ago Nearly $120 million of XRP just moved to Coinbase in whale transaction 1 hour ago Bitmine's Tom Lee calls ether 'the wartime store of value' as holdings hit 4.87 million tokens 1 hour ago CoinDesk 20 performance update: index falls 2.9% as all constituents trade lower 1 hour ago Foundry unveils Zcash block explorer as mining pool reaches 30% of hashrate 1 hour ago WLFI mints $25 million in fresh USD1 and burns $3 million, days after repayment claim 2 hours ago Top Stories Strategy buys 13,927 bitcoin for $1 billion, entirely through STRC 2 hours ago Super PAC tied to Tether makes first ad buy from firm founded by Tether's U.S. CEO Apr 12, 2026 WLFI threatens legal action against Justin Sun after he accuses Trump-linked project of deceptive DeFi deals 8 hours ago Alameda moves $16 million in Solana's SOL token for possible creditor distribution 7 hours ago Attacker mints $1 billion Polkadot tokens on Ethereum, ends up stealing just $250,000 7 hours ago The one metric investors are overlooking in Michael Saylor’s Strategy 4 hours ago