Fake Rally Until Bitcoin Recovers $80,000? Eyes on Peace Agreement

▲ Bitcoin (BTC)/AI Generated Image ©

The rally in the virtual asset market, which had been steadily rising even amidst the fires of war, has hit a limit, and an analysis suggests that the fate of the entire market hinges on the outcome of the peace agreement scheduled for this week.

According to FXStreet, an investment media outlet, on April 20 (local time), the virtual asset market is closely monitoring news related to Iran and eagerly searching for the next upward momentum. Bitcoin (BTC) and Ethereum (ETH) showed a smooth recovery even before the outbreak of the war and were praised for performing well by continuing their upward trend even when the stock market suffered a large-scale sell-off.

However, the current lack of a new market catalyst now that the rebound has settled is causing concern. Investors clearly remember that past rebounds were also temporary pauses before further declines. Therefore, it is difficult to dismiss doubts about the current rally until Bitcoin fully recovers the $80,000 mark. Especially when compared to the impressive rebound in the stock market, centered around the US, after the ceasefire, the recovery of virtual assets remains woefully inadequate.

Ultimately, the direction of the virtual asset market is expected to be determined by the progress of the peace negotiations this week. The main reason virtual assets survived the stock market sell-off in March is analyzed to be that they had already suffered sufficiently severe blows over the past six months.

However, the moderate recovery formed over February and March paradoxically exposes a vulnerability where they could be helplessly caught in a strong risk-off movement if war breaks out again. Unfortunately, even if a real peace agreement is concluded, it remains unclear whether this will act as a significant boon for the virtual asset sector or merely rekindle the artificial intelligence craze of late 2025.

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