For the first time since mid-March, Bitcoin (CRYPTO: BTC) is back above $75,000. The Bitcoin price had been ranging below $70,000 for more than a month, with every rally getting cut short by the bearish pressure the Middle East war has put on the market. Right now, the whole market is surging—Bitcoin has climbed 5.9%, Ethereum (CRYPTO: ETH) has rallied 8.6%, XRP (CRYPTO: XRP) has gained 4.2%, and Solana (CRYPTO: SOL) is up 6.3%.
The trigger was Iran signalling that it wants to come back to the negotiating table, combined with Trump’s Hormuz blockade turning out to be less damaging than traders expected. With the market back in the green, could this be the start of the crypto bull run?
What’s Driving the Crypto Rally Today?
Iran signalled it wants to come back to the negotiating table, and both sides are reportedly in discussions to hold a new round of talks before the ceasefire expires on April 22. Trump highlighted Iran’s interest in resuming negotiations, and it looks like another meeting could be happening since the Islamabad talks collapsed on Saturday.
On top of that, the Hormuz blockade that spooked the market over the weekend turned out to be much narrower than expected. CENTCOM confirmed that the U.S. Navy will only block ships going to and from Iranian ports. So tankers heading to non-Iranian destinations can still pass through the strait freely. A Chinese-owned tanker already made the transit successfully, proving that non-Iranian oil shipments can still get through despite the blockade. This contributed to the bullish sentiment in the market, and crypto rallied off the back of it.
Oil prices also dropped from around $104 per barrel to $96-$99 once the blockade exemption became clear. Since the war started, every time oil price has come down, crypto has rallied—and every time oil has gone back up, the rally fades too. So, Monday followed the same routine, as oil prices dropped, stocks and the crypto market started moving up again.
How Bitcoin, Ethereum, XRP, and Solana Are Moving
The Bitcoin price rallied to $75,000 on Monday before pulling back slightly, marking its highest level since mid-March. The breakout came with enough force to wipe out a large chunk of short positions in one session. Ethereum actually outperformed Bitcoin on the day, climbing 8.6% to $2,377. On-chain transactions on Ethereum jumped 41% over the past week, and ETH ETF flows turned positive again.
The XRP price rallied 4.2% to $1.38, pushing back above the $1.35 level it had been struggling to hold since the ceasefire. Weekly XRP ETF inflows hit $119.6 million, which accounted for over half of all global crypto fund inflows for the week. Solana rounded things out with a 6.3% move to $86.55, backed by strong DeFi volume and steady ETF demand.
The broader crypto market soared on Monday and U.S. stocks also erased all their Iran war losses in a single session. This hasn’t happened since before the war started in late February, and it’s a sign that the whole financial market is starting to recover.
Where Could BTC, ETH, XRP, and SOL Go From Here?
With the four cryptos rallying off the same catalyst, here’s where we think each one could reach.
Bitcoin (BTC)
If Bitcoin holds above $75,000 over the next few days, it could push toward $80,000 pretty quickly. If the war ends and oil prices drop back to the $70-$90 range, BTC could realistically reach $100,000 by year-end.
Ethereum (ETH)
Ethereum is outperforming BTC for the first time in months, and the 41% jump in on-chain activity suggests this rally has more behind it than just a short squeeze. If Ethereum holds above $2,300 and ETF flows stay positive, it could rally toward $2,600 to $2,800 over the coming weeks. Ethereum also has the Glamsterdam upgrade coming later in 2026, which is designed to make the network significantly faster and cheaper to use.
XRP
XRP’s biggest hurdle right now is the $1.45 level where roughly 60% of holders are clustered. If the CLARITY Act—the bill that would make XRP’s digital commodity status permanent federal law—passes its Senate markup in the second half of April, the XRP price could reach $1.60 and beyond. Without it, XRP would likely stay range-bound between $1.28 and $1.45.
Solana (SOL)
Solana’s network activity has stayed strong through the entire war, with DeFi volume hitting $57 billion in March. If the broader rally continues and Bitcoin stays above $75,000, SOL could push toward the $95 to $100 range. A pullback below $80 would suggest this was just another relief bounce, with $75 as the support to watch.
Is This the Start of a Crypto Bull Run?
This rally has more going for it than any of the previous ones since the war started, but it’s coming at the worst possible time. Tomorrow is the April 15 tax deadline, and roughly $2.8 billion in crypto selling is tied to tax obligations this year. The ceasefire expires around April 22, and the FOMC meets April 28-29—so within the next two weeks, the market has to survive tax selling, a potential ceasefire collapse, and a Fed decision, all in a row.
If Bitcoin holds above $75,000 through all of that, then this might be a genuine breakout. Every rally since February has ran out of steam quickly because the war tensions keep brewing. This time, stocks and crypto are moving together for the first time since the war started, and that shows the whole situation is changing.
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