Bitcoin climbed back above $71,000 after news of a conditional U.S.–Iran 
ceasefire tied to reopening the Strait of Hormuz. Bitcoin Bounces Back… For 
Now According to today’s QCP Market Colour, after the announcement of the 
ceasefire risk assets rallied, equities rose and oil cooled into the low-$90s. 
However, the report warns that all of this looks more like a temporary pause 
than a lasting resolution. Let’s not forget that, according to President 
Donald Trump himself, the ceasefire hinges on how Iran handles the Strait of 
Hormuz in the weeks ahead. 🚨 President Donald J. Trump makes a statement on 
Iran: pic.twitter.com/9mqTayL0Q3 — The White House (@WhiteHouse) April 7, 2026 
The energy infrastructure attacks in Saudi Arabia show how fragile the de- 
escalation remains. Related Reading: Binance Deploys PRER Volatility Shield — 
Here’s How New Price Bands Could Hit Your Orders This rebound is supported by 
risk repricing, not conviction. According to the market colour, the macro 
picture remains uneven. U.S. payrolls rebounded, but softer labor data keeps 
the Fed juggling growth concerns and energy-driven inflation. The upcoming 
inflation report (CPI) due this week may determine if Bitcoin’s move back 
above $71,000 is sustainable or just a short‑lived bounce. Options data from 
QCP shows compressed front-end vols, but downside skew remains bid. Hedge 
demand is still strong. Notable call interest sits between $75K–$85K, while 
support lies around $60K–$65K, making $74K a key breakout level. Exchange 
Netflow Shows Why Bitcoin Is Still Defensive Despite the price bounce, on- 
chain data from CryptoQuant shows exchange reserves remain high, suggesting 
cautious sentiment rather than full accumulation. The report of Novaque 
Research from CryptoQuant explains that Binance is currently holding about 
637.6K BTC in reserves, while Coinbase Advanced holds roughly 866.6K BTC. Both 
are still tracking well below their levels from earlier in 2025. Bitcoin 
exchange reserve on Coinbase. Source: CryptoQuant. The split between exchanges 
matters, according to the report. Coinbase is more closely tied to US 
institutional flows, whereas Binance better reflects global crypto‑native 
liquidity. Coinbase’s reserves have stayed tight and mostly sideways after a 
long downtrend, hinting that bigger players are not eager to bring coins back 
on‑exchange to sell. Binance’s balances have rebounded more visibly, but they 
still sit below previous highs and under the 50‑day average. Bitcoin exchange 
reserve on Binance. Source: CryptoQuant. These signals suggest positioning is 
cautious rather than capitulatory: holders are wary, but they are not behaving 
as if they must dump Bitcoin at any price. Exchange netflow supports that 
view, CryptoQuant believes. Overall exchange netflow is slightly negative at 
around -289.6 BTC, and since February there has been a consistent tilt toward 
outflows, only occasionally punctuated by sharp deposit spikes. In a genuine 
internal market break, the analysis explains, you would typically see 
persistent positive netflows as investors move coins onto platforms to sell 
into weakness. Instead, the data still shows Bitcoin being pulled off 
exchanges on many sessions. Bitcoin exchange netflow on all exchanges. Source: 
CryptoQuant. This does not automatically imply a bullish outcome, but it does 
highlight that Bitcoin continues to be supported by a holder base more 
inclined to remove supply than to keep recycling it back into the market. 
Related Reading: Crypto Trust Crisis — The “Kim Jong‑Un Test” Is Exposing 
Secret North Korean Moles Summing Up Bitcoin’s defensive setup mirrors 
institutional hesitation. Traders may be waiting for a clear macro or 
volatility shift before committing fresh capital. The short-term rally hinges 
on headlines, not fundamentals. Unless the ceasefire holds and inflation 
softens, Bitcoin could struggle to break $74K convincingly. For traders, this 
means tight ranges and tactical plays, not full-risk exposure, at least until 
the next macro signal. Bitcoin bounced back and reclaimed $72k earlier today. 
At the moment of writing, BTC trades for the low $71ks on the daily chart. 
Source: BTCUSD on Tradingview. Cover image from Perplexity. BTCUSD chart from 
Tradingview.

Bitcoin Rallies Above $71K —But Analysts Warn The Peace Is Only Temporary

Stablecoin yield bans offer negligible bank lending boosts, risking consumer 
benefits and highlighting the need for balanced financial regulation.
The post White House economists say stablecoin rewards pose minimal risk to 
banks appeared first on Crypto Briefing.

White House economists say stablecoin rewards pose minimal risk to banks

The draft proposal from South Korea’s ruling party reportedly bars stablecoin 
interest and calls for technical standards to ensure interoperability across 
blockchain networks.

South Korea draft bill puts stablecoins, RWAs under finance laws: Report

Thailand’s SEC proposes tightening funding rules for cryptocurrency companies 
to include anyone backing major shareholders, directly or indirectly.

Thailand proposes tighter scrutiny of funders behind crypto firms

A New York Times investigation points to Adam Back as Satoshi Nakamoto, but 
the Blockstream CEO denies it, and critics say proof is still missing.

Cryptocurrency price in ZAR