Iran accepts a ceasefire! In the past 1 hour, the crypto market saw liquidations totaling $206 million; WTI crude oil plunged 15.00% intraday.

BlockBeatNews · 2026-04-07T23:22:37+00:00

Iran’s Supreme National Security Council announced that it has accepted Pakistan’s ceasefire proposal, which may lead to the easing of geopolitical tensions, a rebound in the crypto market, and a rise in Bitcoin’s price to above $71,000. The market saw liquidations of $206 million, and WTI crude oil plunged 15% to $93.79 per barrel.

BlockBeatNews

2026-04-07 23:22:37

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BlockBeats news, April 8, the Iranian Supreme National Security Council issued a statement in local time in the early hours of the 8th saying that, in accordance with the recommendations of the Supreme Leader and after approval by the Supreme National Security Council, it accepted the ceasefire proposal put forward by Pakistan.

Either affected by easing geopolitical war conditions, the crypto market rebounded: Bitcoin rose to above $71k. In the past 1 hour, $206 million was liquidated across the crypto market, including $136 million liquidated from short positions.

WTI crude oil plunged 15.00% intraday; it is now quoted at $93.79 per barrel.

BTC4.56%

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