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Bitcoin Rises on Optimism Over Trump’s Extended Iran Ceasefire

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By Suvashree Ghosh and Sidhartha Shukla

April 22, 2026 at 5:03 AM UTC

Updated on

April 22, 2026 at 8:25 PM UTC

Bitcoin jumped along with equities on Wednesday, hitting the highest level since January after President Donald Trump said he would extend a ceasefire with Iran, bolstering market confidence.

The original cryptocurrency rose as much as 4.9% to $79,486, its highest price since Jan. 31. Other cryptoassets also advanced, with Ether climbing as much as 4.7%.