Crypto market started week on volatile note following strong rebound last week - Fixygen

21.04.2026    12:42

Last week, the cryptocurrency market began to recover after a prolonged period of weakness in March and early April; however, at the start of this week, the rally gave way to more volatile trading. On Tuesday, Bitcoin is trading around $76,200, while Ethereum is trading around $2,320.

One of the main drivers last week was the return of funds to digital investment products. According to CoinShares, net inflows into such instruments totaled $1.03 billion for the week ending April 13, of which $790 million went to Bitcoin. The company called this the largest weekly inflow since early January and attributed the recovery in risk appetite to softer-than-expected U.S. macroeconomic data and signs of easing geopolitical tensions at the time.

Bitcoin’s attempt to consolidate above $76,000–$78,000 provided additional support to the market late last week. CoinDesk reported that prices rose to nearly $78,000 amid expectations of progress in easing tensions surrounding Iran and maintaining shipping through the Strait of Hormuz.

However, sentiment deteriorated early this week. The influence of Middle East factors intensified again in the market: Barron’s and other business publications reported declines in bitcoin and ethereum amid renewed uncertainty surrounding the U.S.-Iran conflict and risks to global risk appetite. Against this backdrop, Bitcoin retreated to the $74,700–75,400 range on Monday, while Ethereum also declined.

Thus, the market at the turn of last week and this week looked better than it did in early April, but has not yet emerged from a zone of heightened sensitivity to external developments. Institutional inflows are supporting Bitcoin, but geopolitics and general investor caution are preventing the market from quickly transitioning to a sustained uptrend.

In the coming days, Bitcoin’s behavior within the $74,000–$78,000 range will remain the key indicator. If inflows into funds continue, the market may again attempt to consolidate above the upper boundary of this range. However, if the news backdrop deteriorates further, cryptocurrencies, like other risky assets, may once again enter a correction.

Теги:   Crypto Market Переглядів:   261