Iran's parliament demands a public ceasefire in Lebanon and that frozen Iranian assets be released before peace talks in Islamabad can start this weekend.

The message from Mohammad Bagher Ghalibaf came just hours before Vice President JD Vance traveled to Pakistan for talks. This creates new uncertainty in the already sensitive negotiations.

Bitcoin's ceasefire rally is put to the test

Bitcoin (BTC) rose by 5% to 72,700 USD on April 7 after President Trump posted on Truth Social about a two-week ceasefire with Iran.

This led to cryptocurrency futures worth approximately 595 million USD being liquidated, where short sellers accounted for most of the losses.

When this text was written, BTC was trading just below 73,000 USD, helped by news of a ceasefire and alleviated inflation concerns that have weighed on risky assets for several weeks.

But a report from Bybit and Block Scholes published on April 10 shows that the market is still cautious. The options market shows reduced downward premiums but without any clear signs of optimism.

Ghalibaf, who is the speaker of Iran's parliament, said that two "mutually agreed" conditions from the ceasefire agreement have not yet been met.

Iran believes that a ceasefire in Lebanon and the release of assets must occur before the country sits down at the negotiating table with the American delegation.

At the same time, Trump told the New York Post that American warships are being reloaded in case the talks fail.

The White House told Fox News that the president still believes a deal is possible.

According to CNN, Trump also had a tense phone call with Israeli Prime Minister Benjamin Netanyahu shortly before Israel took steps towards direct talks on a ceasefire in Lebanon. Sources say Trump pressured Netanyahu to reduce tensions, partly to meet Iran's demands.

What does this mean for BTC?

BTC is now in the upper part of the range 65,000–73,000 USD, where trading has been held since the conflict started at the end of February.

If the talks in Islamabad succeed, BTC could rise to 75,000–80,000 USD as the risk of geopolitical unrest decreases further.

But if the conversation collapses, it may lead to new disturbances in Hormuz and BTC risks retesting the support at 68,000 USD.

The next 48 hours will be crucial for whether this week's price increase holds or turns downward.

"I believe it will be positive. We'll see. As the president said: if the Iranians want to negotiate honestly, we are ready to extend a hand! If they try to deceive us, they will find that the negotiating team is unresponsive. We will try to have a positive negotiation. The president has given us clear guidelines," said U.S. Vice President JD Vance in a statement.