Overview
- Bitcoin fell to about $77,200 on April 25 after President Trump called off a planned Kushner and Steve Witkoff envoy trip to Pakistan for Iran discussions.
- Trump said the 18‑hour flight was not worth making and told Iran to call the United States if it wants to negotiate, hours after Iran’s foreign minister Abbas Araghchi left Pakistan.
- Traders framed the drop as modest geopolitical noise as BTC hovered in the mid‑$77,000s, and 24‑hour trading volume slid about 40% to roughly $18 billion.
- Longer‑term flows stayed supportive as spot bitcoin ETFs logged nine straight days of net inflows through April 24 totaling $2.12 billion, and BlackRock’s IBIT options open interest rose to $27.61 billion to edge past Deribit.
- Policy signals stayed mixed as Trump told Axios the ceasefire is extended indefinitely, while the U.S. froze $344 million in USDT tied to Iran and kept the Strait of Hormuz blockade, a setup that could keep energy and crypto prices sensitive to fresh headlines.