{"id":25125,"date":"2026-04-06T07:32:29","date_gmt":"2026-04-06T07:32:29","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-climbs-above-69k-after-trump-extends-iran-deadline-to-tuesday\/"},"modified":"2026-04-06T07:32:38","modified_gmt":"2026-04-06T07:32:38","slug":"bitcoin-climbs-above-69k-after-trump-extends-iran-deadline-to-tuesday","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-climbs-above-69k-after-trump-extends-iran-deadline-to-tuesday\/","title":{"rendered":"Bitcoin climbs above $69K after Trump extends Iran deadline to Tuesday"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin traded above $69,000 at press time on Monday after U.S. President Donald Trump pushed back his deadline for Iran from Monday to Tuesday night, while continuing to warn of possible strikes on critical infrastructure.<\/p>\n<div id=\"cn-block-summary-block_67f0c5ba70d288ec4a952969bc661066\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin climbed above $69,000 as U.S. President Donald Trump extended Iran\u2019s deadline and warned of potential strikes on energy infrastructure.<\/li>\n<li>Prolonged closure of the Strait of Hormuz has kept oil prices elevated above $109, raising market volatility and pressuring risk sentiment.<\/li>\n<li>Over $104.5 million in Bitcoin short positions were liquidated in 24 hours, amplifying the rally through forced buying.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Trump said the U.S. would \u201cblow everything up\u201d if Iran fails to reach a deal by 01:00 GMT on Wednesday. The latest extension represents the fourth adjustment to Washington\u2019s timeline for potential military action, even as the Strait of Hormuz remains shut.<\/p>\n<p>For Iran\u2019s part, the nation has dismissed any reports of ongoing peace negotiations and issued threats toward neighboring oil-producing nations within OPEC. Besides this, officials have also moved to challenge the petrodollar system by allowing select oil shipments to pass in exchange for tolls paid in Bitcoin or euros. The development likely coincides with a pickup in spot demand for Bitcoin seen on Sunday.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h1 class=\"wp-block-heading\">Strait of Hormuz closure keeps oil prices elevated<\/h1>\n<p>The renewed warning comes as the Strait of Hormuz has stayed closed to global shipping for over three weeks, disrupting a route responsible for roughly 20% to 30% of global oil transit and consumption.<\/p>\n<p>Washington has repeatedly issued ultimatums demanding the reopening of the passage, warning of \u201cdevastating\u201d strikes on Iran\u2019s energy infrastructure if conditions are not met.<\/p>\n<p>Iranian officials, however, signaled plans to maintain the closure while considering transit tolls to offset war-related damage. They added that the Strait could reopen once compensation mechanisms are in place.<\/p>\n<p>Oil markets have already reacted sharply. Brent crude oil settled above $109 per barrel on Thursday, and traders are bracing for further volatility when markets reopen. Elevated energy prices and prolonged geopolitical stress could weigh on risk assets, potentially limiting Bitcoin\u2019s near-term upside.<\/p>\n<h2 class=\"wp-block-heading\">Short liquidations fuel Bitcoin\u2019s move higher<\/h2>\n<p>Bitcoin (BTC) crossed the $69,000 threshold for the first time today since early April, climbing about 2.75% during Monday\u2019s early session. The asset reached an intraday peak near $69,321 before easing slightly to around $69,100.<\/p>\n<p>Bitcoin\u2019s price uptick has triggered a surge in short liquidations, with <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/liquidations\" target=\"_blank\" rel=\"nofollow\">data<\/a> from CoinGlass showing over $104.5 million in short positions liquidated in 24 hours out of a $196 million total crypto market liquidation<\/p>\n<p>Such liquidations often accelerate moves upward, as forced buybacks from short sellers create additional demand and reinforce momentum.<\/p>\n<p>As such, if Bitcoin manages to hold above the reclaimed $69,000 level, the next resistance range for the bellwether asset lies between $70,000 and $72,000.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin traded above $69,000 at press time on Monday after U.S. President Donald Trump pushed back his deadline for Iran from Monday to Tuesday night, while continuing to warn of&hellip;<\/p>\n","protected":false},"author":1,"featured_media":15342,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=25125"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25125\/revisions"}],"predecessor-version":[{"id":25126,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25125\/revisions\/25126"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15342"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=25125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=25125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=25125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}