Bitcoin's price stabilized above the important support level of $72,000 today, April 10, as talks between Iran and the United States began in Pakistan. However, there are still risks that the recently announced ceasefire may not hold, as JPMorgan issued a stern warning about the fire between the US and Iran.

Bitcoin's price remained stable above the key support level of $70,000, supported by the recent ceasefire announcement between the US and Iran that ended the war. Fully ending the war is a highly positive factor for Bitcoin and other cryptocurrencies, as it will lead to lower inflation and higher asset prices.

Nevertheless, the main risk lies in the possibility that the ceasefire may not continue, due to ongoing fundamental concerns. For example, the US is concerned about continued sanctions on the Strait of Hormuz, while Israel is pressuring the US to end the ceasefire. The US also continues to bolster its military presence in the Middle East.

Analysts at JPMorgan warned in a report that exiting the ceasefire would lead to a surge in crude oil prices to new record highs and a sharp decline in the stock market to new record lows. Oil prices jumped to nearly $120 amid the ongoing war, then retreated to $95. A survey conducted by Calshi estimates that West Texas Intermediate crude will rise to $130 and above this year.

Rising crude oil prices will lead to higher consumer prices, making it more difficult for the Federal Reserve to cut interest rates as Donald Trump pressured.