Key Takeaways:

• Bitcoin hit $76,120 on April 14, triggering $293 million in liquidations during a risk-on rally.
• De-escalation hopes sent the S&P 500 to 7,000 while WTI oil fell to $92 amid U.S.-Iran talks.
• The IMF warns that March’s loss of 10.1 million barrels of oil per day may stall 2026 global growth.

Oil Prices Retreat as Diplomacy Takes Center Stage

Moments after topping $76,000, bitcoin retreated to just under $74,500 as risk-on sentiment swept across markets. The momentum was driven by reports that the United States and Iran plan another round of talks before the two-week cease-fire expires. This came even as the U.S. Navy’s blockade of the Strait of Hormuz entered its second day.

According to the daily chart, bitcoin…