Markets
What to know:
- In a splendid show of resilience, Bitcoin has clung to its lofty perch above $74,000, as the appetite for risk returns like a wayward child after a long absence, with major Asian equity benchmarks and the S&P 500 joyously erasing the losses from that little spat between the U.S. and Iran.
- A flood of cash into U.S. spot bitcoin ETFs-over $56 billion now-appears to be creating a sturdy base of long-term holders, much like a wise old tortoise amid a crowd of jittery hares, helping keep prices at those tantalizing entry levels.
- As oil prices slide in hopes of renewed diplomatic dialogues between the U.S. and Iran, along with the whispers of Federal Reserve rate cuts later this year, liquidity is flowing like cheap wine at a wedding, buoying risk assets including our beloved cryptocurrencies.
On Wednesday, Bitcoin stood firm above $74,000, basking in the glow of a renewed global risk appetite, as Asian equities joined their Wall Street counterparts in a jubilant recovery from the losses inflicted by the late-February conflict between the U.S. and Iran. How poetic!
Ether, feeling particularly sprightly, gained 4% this week, trading around $2,325-outpacing Bitcoin’s modest 3.9% climb. Meanwhile, Solana tripped slightly, down 1.5% to $83, and Cardano‘s ADA fell 1%, while Dogecoin wobbled 1.3% to $0.093. But look who’s dancing! Tron struts by with a 3% gain.
China’s CSI 300 has decided it’s time to forget the war-related woes, joining Taiwan and Singapore in a triumphant return to form. The S&P 500 is also inching closer to its record high from late January, perhaps dreaming of glory days gone by.
Hope springs eternal as optimism swells that the U.S. and Iran will soon sit down for round two of their negotiations, keeping crude oil stubbornly below $100 a barrel and lifting that pesky inflationary weight that has been dragging markets down through March.
The current Bitcoin price lurks near the average entry point for holders of U.S. spot bitcoin ETFs-a level that might serve more like a floor than a ceiling. Investors who braved the storm below $60,000 have little incentive to sell at break-even, effectively blocking any potential overhead supply. Clever fellows!
On April 6, U.S. spot ETFs welcomed a whopping $471 million in net inflows-their strongest single-day intake since February, sending cumulative inflows soaring past $56 billion since these products took flight in January 2024. Some observers are nodding sagely, declaring this a sign of bullish market structure.
“This is bullish for adoption even though it’s no self-custody,” noted Vikrant Sharma, the founder of CakeWallet, with a hint of irony.
“Institutions pouring in $471 million in a single day, crossing the $56 billion mark, means Bitcoin is gearing up for a brand new class of long-term holders. Sure, self-custody wallets selling off is just profit-taking, but the fact that it isn’t leading to a price collapse? Now, that’s a refreshing twist!” he quipped.
Market players are also sipping from the cup of speculation regarding Federal Reserve rate cuts later this year, which could pour additional liquidity into risk assets after months of trading in an agonizing range.
Bitcoin’s $76,000 breakout fails but a rare signal is hinting at major market bottom
8 hours ago
The next Fed chair has crypto exposure in his portfolio. Here are the details
9 hours ago
Rakuten to allow XRP to be used as payment method by its 44 million customers
9 hours ago
Popular DeFi platform warns users to stay away from its site after security breach
9 hours ago
Ethereum Foundation unveils $1M audit subsidy program to boost crypto security and cut costs for builders
10 hours ago
Goldman Sachs files for bitcoin income ETF in crypto push
12 hours ago
JPMorgan CFO warns stablecoins risk becoming ‘regulatory arbitrage’ play
14 hours ago
Visa and Zodia Custody join Stripe’s new blockchain for machine payments
15 hours ago
Bitcoin climbs to highest level since Feb. 5 crash that sent price plunging to $60,000
13 hours ago
XRP Ledger adds zero-knowledge proofs targeting institutional privacy gap
15 hours ago
Tether introduces crypto wallet to bring stablecoin and bitcoin payments directly to users
15 hours ago
Bitcoin passes halfway point in halving cycle as price gains trail prior cycles
15 hours ago
Read More
- Gold Rate Forecast
- ETH PREDICTION. ETH cryptocurrency
- Brent Oil Forecast
- YZi Labs: Predictfun’s the Future (or Why 2026 Will Be Full of Broke People)
- Silver Rate Forecast
- Crypto Listings Fail: Market Dives in Disgrace 🚀💸
- Bitcoin Whales Pull Back: Is a Major Price Move Imminent as BTC Hovers Near $85K?
- TRX EUR PREDICTION. TRX cryptocurrency
- Aevo’s Vault Disaster: 19% Refund? 🤯
- Gears A-Turning in Crypto: Trump Kin’s Wild SEI Gamble Unveiled!
2026-04-15 07:15