Prompt end to the Easter Breather
Bitcoin spent the week in tight consolidation and low trading volumes, fully in line with past Easter patterns. Today marks Trump's Iran ultimatum deadline, elevating risks of accelerated volatility ahead.
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An end to the Easter breatherBitcoin has traded in a tight range over Easter with low volumes, reflecting the usual seasonal slowdown. That calm may not last, as a key geopolitical deadline arrives tonight. Markets are watching closely for potential escalation tied to U.S. tensions with Iran, which could trigger volatility and broader risk aversion across assets including equities, currencies, and crypto.The U.S. has given Iran a deadline to reopen the Strait of Hormuz and enter negotiations on issues such as oil flow, military activity, and its nuclear program. Failure to comply could lead to immediate large scale strikes on critical infrastructure. If the situation escalates, volatility is likely to follow.Passive derivatives
