Here is how the leading cryptocurrency is starting the new week.
Yesterday, April 19, bitcoin (BTC) continued to correct and traded near the $75,000 mark. At the time of writing on April 20, 2026, bitcoin trades at $75,005. Earlier in the morning, the coin moved in a range between $74,564 and $75,010.
Read also: What Does Q2 2026 Hold for Crypto? A Strategic Outlook
The second-largest cryptocurrency, Ethereum (ETH), trades at approximately $2,300 on April 20. Over the past 24 hours, the altcoin has barely moved, losing just 1% of its value. However, the chart below shows fairly sharp price fluctuations.
What Is Influencing Bitcoin’s Price on April 20?
Investor focus remains on US-Iran relations. The temporary ceasefire expires on Wednesday. President Donald Trump announced a resumption of negotiations, but Tehran refuses to engage until the blockade of Iranian ships is lifted. Over the weekend, Iran announced a complete ban on vessel transit through the Strait of Hormuz.
Against this backdrop, oil prices gave back some of their declines, and US index futures opened with a gap down.
Related: Bitcoin Price Repeats 2018 Signal as Bear Phase Enters Month Three
Polymarket estimates show the probability of shipping returning to normal in the region by the end of May has dropped from 82% to 62%.
Market Microstructure
The Fear and Greed Index rose from 27 to 29 points, remaining in fear territory.
According to Coinglass, long liquidations totaled $102.3 million over the past 24 hours, compared to $20 million in shorts in cryptocurrency.
CryptoQuant analysts noted a sharp spike in the Coin Days Destroyed (CDD) metric to its highest level since early 2023. This indicates that long-term holders are moving “dormant” coins to exchanges to take profits, creating significant resistance near $75,000.
Related: Best Bitcoin Wallets for Beginners
