Bitcoin falls 5% to $71,415 amid US-Iran tensions

Bitcoin dropped 5% to $71,415 on April 13, 2026, as U.S.-Iran tensions weighed on the market. Odds of Bitcoin exceeding $75,000 in April sit at 53%.

Market reaction

Geopolitical friction and rising oil prices have pushed Bitcoin lower. The Bitcoin Price in April market shows odds of a dip to $60,000 climbing, with bearish sentiment growing. The April 13 market resolved YES for Bitcoin staying above $68,000 at 100% certainty.

Why it matters

The term structure shows a notable jump between the April 14 and April 15 markets, with April 15 pricing at 92.5% YES. That gap suggests traders expect a volatility catalyst within the next 48 hours. Volume hit $1,553,253 in actual USDC traded, showing strong liquidity even during the selloff.

Bitcoin’s sensitivity to geopolitical risk is on full display here. Traders are leaning bearish for the rest of April, and the term structure compression between nearby dates points to expectations of a sharp move soon.

What to watch

U.S. inflation data and any escalation (or de-escalation) in the U.S.-Iran situation are the two triggers most likely to move Bitcoin’s price over the coming weeks.

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