President Donald Trump announced on Truth Social that he is extending his Iran deadline by an additional 10 days, citing ongoing diplomatic discussions with Tehran and describing the talks as progressing well despite conflicting media narratives. The temporary pause delays potential strikes on Iranian energy infrastructure until April 6, 2026, providing some relief to risk assets including Bitcoin and Ethereum, which had been under pressure from escalating geopolitical tensions.
Bitcoin and Ethereum prices had been hovering at $66,552 and $1,998 respectively on Wednesday following a slight crypto market recovery that unfolded amid the renewed uncertainty. The cryptocurrency market capitalization remained close to $2.36 trillion during this consolidation period. Trump indicated flexibility in his deadlines, noting that prior ultimatums had shifted, and emphasized that the United States had already gained strategic advantages in the conflict.
The diplomatic development comes as institutional investment in crypto remains steady, with Ethereum products seeing $31.17 million in net inflows according to recent data. This reflects stable institutional demand for regulated crypto investment vehicles despite short-term market volatility. The near-term market outlook suggests Bitcoin remains locked in a consolidation range between $60,000 support and $72,500 resistance, while a clear break above $72,500 would indicate structural recovery and renewed bullishness toward the $75,000 level.
