Morning Minute: Bitcoin Passes $78k as Trump Extends Ceasefire Indefinitely

Tyler Warner

Wed, April 22, 2026 astatine 6:49 AM CDT 7 min read

Morning Minute is simply a regular newsletter written by Tyler Warner. The investigation and opinions expressed are his ain and bash not needfully bespeak those of Decrypt. And check retired our new regular quality show covering each of the apical stories successful 5 minutes oregon less, downloadable connected Apple Pod oregon Spotify.

GM!

Today’s apical news:

• Crypto majors rally arsenic Trump extends ceasefire indefinitely; BTC +2% astatine $78.3k

• Coinbase quantum study says ETH and SOL much astatine hazard than Bitcoin

• Kalshi and Polymarket some tease perps launches connected aforesaid day

• New York’s AG sued Coinbase and Gemini implicit their prediction marketplace products

• USD AI’s CHIP token debuts and soars to $800M fdv

📈 Bitcoin Hits 11-Week High arsenic Trump Extends Iran Ceasefire Indefinitely

Bitcoin climbed supra $78,000 Wednesday morning, its highest level successful 11 weeks, aft President Trump announced he would widen the Iran ceasefire indefinitely, reversing his earlier connection that it would expire Wednesday.

Trump cited Tehran’s authorities arsenic “seriously fractured,” and said the hold would stay successful spot until Iran’s enactment submits a “unified proposal” to extremity the war. The announcement came aft Iran refused to nonstop negotiators to a 2nd circular of talks successful Islamabad and reports surfaced that Vice President Vance’s planned travel to Pakistan had been enactment connected hold.

Markets reacted quickly. BTC was up astir 2.2% implicit 24 hours and 5% connected the week by Wednesday morning, with abbreviated sellers caught connected the incorrect broadside - astir $240 cardinal successful leveraged shorts were liquidated. ETH was up 3% to $2,390 connected a coagulated time of ETF inflows ($43M). Stock futures are opening greenish arsenic well.

On-chain signals are turning constructive for the archetypal clip successful months. Bitcoin’s Net Unrealized Profit/Loss metric turned affirmative for the archetypal clip since aboriginal January, which analysts work arsenic confirmation the bearish inclination has ended. And whales are apparently accumulating at the fastest gait since July 2025.

Strong momentum starting to physique for crypto’s flagship asset…

🏛️ Warsh Faces Senate Over Crypto Holdings, Fed Independence

Kevin Warsh appeared earlier the Senate Banking Committee connected Tuesday for his confirmation proceeding arsenic Trump’s nominee to regenerate Jerome Powell arsenic Federal Reserve chair.

The proceeding covered 3 main areas: his narration with Trump connected involvement rates, his broader monetary argumentation views, and his fiscal disclosures (which see stakes successful Solana, Polymarket, Tenderly, and different crypto and DeFi funds).

• On rates, Warsh said Trump “never asked maine to predetermine, commit, fix, determine connected immoderate involvement complaint determination successful immoderate of our discussions, nor would I ever hold to bash so.” He pushed backmost connected suggestions helium would simply chopped rates connected demand, calling himself an “independent actor” and saying helium would “absolutely not” service arsenic anyone’s governmental instrument.

• On inflation, helium said the trajectory is “improving, but there’s much enactment to do.” He wants a smaller Fed equilibrium sheet, little reliance connected quantitative easing, and less post-FOMC property conferences - noting that “truth-seeking is much important than repetition.”