Bitcoin Hits $72,000 After Ceasefire

Hey Lantern Community,

The US and Iran agreed to a ceasefire last night, and markets reacted to the news immediately.

The Ceasefire That Almost Didn't Happen

Trump posted on Truth Social at roughly 8PM EST that a two-week ceasefire was in place.

Iran would reopen the Strait of Hormuz, and further talks are scheduled for Friday in Islamabad.

Markets moved immediately.

Bitcoin Bounced Twice as Hard as the S&P

S&P 500 futures climbed roughly 2.5% on the ceasefire news while Bitcoin jumped 4-5%, hitting a three-week high around $72,000.

Same news on the same night. Bitcoin outperformed the index by nearly 2x.

That's not random.

Research from Mercado Bitcoin tracked Bitcoin, gold, and the S&P 500 across every major global shock over the past decade.

Bitcoin won every time, even if not immediately, in the 60 days after. After the April 2025 tariff shock, Bitcoin rose 24%. Gold gained 8%. The S&P gained 4%.

The pattern: investors sell Bitcoin first to cover liquidity. Then it snaps back harder than any assets.

Institutions Piled In Just Before The Ceasefire

On April 6, just one day before the ceasefire, US spot Bitcoin ETFs took in roughly $471 million in a single session, one of the biggest days since late February.

Spot Ethereum ETF flows flipped positive, with inflows recording $120 million in net inflows on Monday, the highest since mid-March.

Close to $600 million in institutional capital, in one day.

Lantern Updates

Two quick things from our end this week.

First, SMS/text messaging may be temporarily unavailable.

We're switching phone providers. While calls and email are fully up, SMS may be spotty for the next few weeks. If you text us and don't hear back, call us at (415) 365-0100 or [email protected].

Secondly, loan funding just got faster.

Link a bank account at the payout step and your funds can arrive within 10 minutes of approval even outside of business hours (including nights, weekends, and holidays.) Over 70% of U.S. bank accounts are already on the RTP network.

We broke down exactly how it works on our blog: Read the full update

What to Watch This Week

Friday talks in Islamabad will tell us whether this holds or falls apart. Markets will react either way.

If you're holding crypto through the volatility and need liquidity without selling, Bitcoin-backed loans at Lantern start at 8%.

Your position stays intact, assets remain with BitGo, and funding is now same-day (even on weekends)

Borrow against your crypto here: https://lantern.finance/borrow

Until next week, The Lantern Team

Disclaimer: This newsletter is for educational purposes only. Past performance is not indicative of future results. Please consult with a qualified tax advisor regarding your personal tax situation.