Major Cryptocurrencies Trade Flat Amid Stalled Iran Peace Efforts

Bitcoin traded around $78,000 on April 23, 2026, maintaining its level amid broader market reactions to geopolitical developments involving stalled peace efforts in Iran. Data from Coinglass showed that 100,758 traders were liquidated over the past 24 hours, totaling $221.37 million in losses.

to SoSoValue, spot Bitcoin exchange-traded funds (ETFs) recorded net inflows of $85.04 million on Wednesday, April 22, 2026. Spot Ethereum ETFs saw net inflows of $42.8 million on the same day. In the past 24 hours, the top gainers among cryptocurrencies included Stable, Humanity Protocol, and MemeCore.

A trader observed that previous major market bottoms in August 2024 and April 2025 involved Bitcoin dropping below prior lows before reversing upward. However, this pattern did not occur in November 2025, leading to further declines. The trader noted a similar setup currently, with the February 2026 low yet to be revisited, suggesting a potential move toward the $60,000 range to form a durable bottom.

Another quantitative trader stated that Bitcoin likely has not established a definitive bottom at $60,000, based on prior market cycles. The trader indicated that sweeping previous lows is a common pattern before a sustained uptrend, making a retest of lower levels possible.

Both described the current price action as a relief bounce rather than a confirmed trend reversal.