Gate News message, April 16 — After 11 weeks of sideways movement, the crypto market rebounded 1.5% to reach a total value of $2.54 trillion. Bitcoin led the rally, gaining 7% over the week and trading near $75,063, while major altcoins including Ethereum, Solana, XRP, Dogecoin, and Hyperliquid posted gains between 2% and 5%.
The recovery was driven by multiple factors. U.S. tech stocks surged, with the Nasdaq reaching a new all-time high of 24,021.03 and the S&P 500 climbing to a record 7,023, up 0.77%. Geopolitical tensions eased as President Donald Trump said the U.S.-Iran conflict is “very close to being over,” prompting investors to shift capital back into equities and crypto. Additionally, the CLARITY Act moved closer to the Senate floor, with Senator Thom Tillis reporting ongoing negotiations on stablecoin yield provisions. White House crypto advisor Patrick Witt indicated both sections of the bill are nearing final stages.
Bitcoin and Ethereum ETFs also contributed to the rebound. On April 14 and 15, Bitcoin ETFs recorded inflows of $411.4 million and $186.1 million respectively, led by Fidelity ($47.3 million) and Ark ($42.2 million), while BlackRock maintained steady inflows. Ethereum ETFs saw continued weekly inflows from Grayscale and BlackRock. Short liquidations accelerated the rally, with over $225 million in positions wiped out in 24 hours, primarily short trades forced to cover at higher prices.
If Bitcoin breaks above the $76K resistance level it has repeatedly tested over the past two months, analysts expect the price to potentially target $90K, with other major altcoins likely to follow with strong moves.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
STRC Trading Volume Tops $1.1 Billion as Strategy Expands Bitcoin Treasury Play
Strategy Inc.’s perpetual preferred stock STRC just posted its busiest day yet, and the real headline is not the ticker tape theater but the simple fact that the company’s bitcoin buying machine found another way to run hotter.
Key Takeaways:
Strategy’s STRC hit $1.1B on April 13, 2026, setting a
Coinpedia24m ago
Bitcoin Drops Below $73,000 as Long-Term Holders Take Profits and ETF Inflows Slow
Bitcoin fell below $73,000, its lowest in over three weeks, as long-term holders booked profits and spot ETF demand weakened. This triggered significant liquidations in derivatives, causing a 4% drop in total crypto market capitalization.
GateNews28m ago
Bitdeer releases March operating report: BTC production up 480% year over year
Bitdeer Technologies Group (NASDAQ: BTDR) released its 2026 March unaudited production and operations update via Globe Newswire on April 15. The data show that it mined 661 bitcoins in March, up about 480% year-over-year versus the same period in 2025. Its self-mining computing power increased year over year by about 504% to approximately 70 EH/s.
MarketWhisper1h ago
ETH/BTC ratio rebounds—are institutional funds rotating? A deep dive into structural signals in the crypto market
BTC breaks through $75,000; the Iran–Israel ceasefire and fresh highs in U.S. stocks lift risk assets, but the options market remains somewhat cautious. The ETH/BTC ratio rebounds, signaling capital rotation.
GateInstantTrends1h ago
Tether Acquires 951.35 BTC Worth $70.47M from Centralized Exchange
Gate News message, Tether purchased 951.35 BTC valued at $70.47 million from a centralized exchange. Following this transaction, Tether's total Bitcoin holdings have reached 97,204 BTC, valued at approximately $7.28 billion.
GateNews1h ago
Bitcoin Hits $76,000 Resistance as Exchange Inflows Signal Sell Pressure
Bitcoin reached US$76,000 on April 15, 2026, its highest level since early February, before retreating to US$74,800 as selling activity increased, according to on-chain data from CryptoQuant. Hourly exchange inflows surged to approximately 11,000 BTC, the highest since December 2025, while average d
CryptoFrontier1h ago
