Bitcoin pulled back slightly on Tuesday, falling below $75,000 after briefly reaching a one-month high, but remained broadly higher as optimism over potential U.S.-Iran ceasefire talks lifted risk sentiment. A better-than-expected U.S. producer inflation report also supported the positive mood.
As of 17:35 ET (21:35 GMT), the leading cryptocurrency was up 1.2% at $74,127.8, after earlier climbing to $76,043.7 during the session.
Bitcoin climbs as a broader risk-on sentiment lifts markets.
Bitcoin climbed alongside a broader risk-on trend, mirroring a rebound in global markets as equities posted solid gains. S&P 500 rose over 1%, while Nasdaq Composite advanced as investors continued to favor technology stocks amid optimism around artificial intelligence.
Crypto sentiment was further supported by falling oil prices, which dropped below $100 per barrel after recent spikes, encouraging demand for riskier assets.
Markets were also reassured by ongoing diplomatic signals between the United States and Iran, despite a lack of progress in recent talks. Reports suggested both sides are considering another round of direct negotiations to extend a fragile ceasefire. Donald Trump noted that further discussions could take place within days in Pakistan.
Meanwhile, the U.S. blockade of the Strait of Hormuz entered its second day, with United States Central Command reporting that no vessels had passed through in the first 24 hours, as restrictions targeted ships linked to Iranian ports.
U.S. producer prices increased in March, but by less than expected.
U.S. producer prices increased in March, but not as much as expected. Alongside ongoing Middle East tensions, the inflation data gave investors some reassurance after a volatile period.
The producer price index (PPI) rose 0.5% compared to the previous month and 4.0% year-on-year, according to the Bureau of Labor Statistics—both below forecasts of 1.1% and 4.6%. Core PPI, which excludes food and energy, edged up 0.1% month-on-month and 3.8% annually.
The annual headline increase was the highest since February 2023, largely driven by a sharp 8.5% jump in energy prices during the month. This trend mirrored the consumer price index data released earlier, where rising oil prices linked to the Iran conflict lifted overall inflation, while core inflation remained relatively stable.
Deutsche Börse acquires a $200 million stake in the parent company of crypto exchange Kraken.
Deutsche Boerse has invested $200 million in Payward, the parent company of crypto exchange Kraken, by purchasing existing shares. This gives the German exchange operator a 1.5% fully diluted stake in the firm.
The move strengthens a strategic partnership between the two companies first announced in December 2025, which focuses on connecting traditional financial markets with the digital asset space.
According to Deutsche Boerse, the collaboration will cover areas such as trading, custody, settlement, collateral management, and tokenized assets—aiming to provide institutional clients with smoother, more integrated access to both traditional and crypto markets.
Strategy Inc purchases 13,927 BTC using proceeds from preferred stock sales.
Strategy Inc (NASDAQ:MSTR) announced Monday that it purchased 13,927 bitcoins last week for roughly $1 billion, partly financed through the sale of preferred shares, according to a U.S. SEC filing. The company issued about 10.03 million shares of its variable-rate Series A perpetual preferred stock, generating approximately $1 billion in net proceeds. These funds were used to acquire Bitcoin at an average price of around $71,902 per coin. With this latest purchase, Strategy’s total Bitcoin holdings increased to 780,897 BTC, acquired at a combined cost of $59.02 billion.
Crypto prices today: altcoins rally, with Ethereum surging 7%.
Most altcoins trimmed earlier gains on Tuesday.
The second-largest cryptocurrency, Ethereum, rose 2.6% to $2,319.42, while third-ranked XRP gained 0.7% to $1.3604.
Solana turned lower, slipping 0.3%, whereas Cardano edged up 0.4%.
Among meme coins, Dogecoin posted a modest 0.5% increase.
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