In early April 2026, the global financial markets experienced a sharp upheaval driven by geopolitical signals.

On April 8, the United States and Iran announced a two-week temporary ceasefire mediated by Pakistan, causing crude oil prices to plummet over 19% in response, and Bitcoin briefly rebounded to a weekly high of $72,698.
However, less than 48 hours after the ceasefire took effect, it broke down—Israel launched a large-scale airstrike on Lebanon, the Strait of Hormuz was closed again, and Bitcoin's price quickly retraced its gains, falling below $71,000.
This event provided a critical window for observing the crypto market: when the "ceasefire dividend" is quickly disproven and geopolitical uncertainty once again becomes the market's main variable, what role do crypto assets ultimately play?