According to Fixygen, last week and early this week, the cryptocurrency market began to recover following the prolonged volatility seen at the start of the year. On Tuesday, April 14, Bitcoin was trading at around $74,500, and Ethereum at around $2,380, with both major cryptocurrencies showing significant growth throughout the day.
One of the main signs of improving sentiment was the inflow into digital investment products. According to CoinShares, as of April 13, the weekly inflow into such instruments amounted to $1.03 billion, of which $790 million went to Bitcoin. This indicates a return of institutional interest, primarily in the market’s largest asset.
The sector is also receiving additional support from the crypto industry’s gradual convergence with traditional financial institutions. On Tuesday, Deutsche Boerse announced the purchase of a stake in the Kraken crypto exchange for $200 million, emphasizing that the partnership covers regulated crypto products, tokenized markets, and derivatives for institutional clients.
At the same time, the regulatory landscape remains one of the key market drivers. Last week, U.S. Treasury Secretary Scott Bessent urged Congress to pass legislation establishing federal rules for digital assets, stating that the lack of a clear regulatory framework had previously prompted some crypto businesses to shift their operations to other jurisdictions.
Thus, market sentiment at the turn of last week and this week can be described as cautiously positive. Bitcoin is once again the main beneficiary of capital inflows, Ethereum is catching up, and the entire sector is receiving support simultaneously from improved risk appetite, inflows into funds, and growing interest from major financial players. However, further dynamics will still depend on the US macroeconomic outlook and the progress of crypto regulation.
April 2026 could be a crucial milestone for the crypto market in terms of the regulatory agenda, which is increasingly influencing price dynamics and investor behavior, according to Fixygen.
In the U.S., the market is awaiting new signals from the SEC regarding token classification and the regulation of crypto exchanges. Following a series of legal disputes and a partial softening of regulatory approaches toward the industry, investors will closely monitor any statements from the regulator that could affect crypto companies’ access to the U.S. market.
At the same time, the Federal Reserve retains key influence through monetary policy. Any signals regarding interest rates and liquidity remain critical for crypto assets, which have demonstrated high sensitivity to global financial conditions in recent years.
In Europe, the main focus will be on the practical implementation of MiCA regulations. New clarifications and implementation milestones are expected in April regarding the licensing of crypto companies, asset custody, and user protection. This could impact the operations of exchanges and crypto services in the EU and neighboring countries.
In Asia, the positions of regulators in Hong Kong and Singapore remain key, as the formation of regulated crypto hubs continues. New licenses and requirements for exchanges are possible in April, which could intensify competition for global crypto companies.
According to analysts at Fixygen, initiatives to regulate stablecoins, which are being discussed in several jurisdictions simultaneously, remain an additional factor. Tighter control over this segment could directly impact market liquidity and the role of digital dollars in the crypto economy.
Overall, April is shaping up to be a month in which regulatory decisions, rather than macroeconomic factors, may become the main driver for the crypto market. Under such conditions, any news from key authorities can quickly translate into price movements, increasing volatility and setting new rules of the game for market participants.
According to Fixygen, the past week in the cryptocurrency market was marked by high volatility: prices were pressured by the conflict in the Middle East, rising oil prices, and a strengthening dollar; however, at the start of the new week, Bitcoin managed to hold near the $70,000 mark and partially recouped its losses. As of March 23, Bitcoin was trading around $70,800, and Ethereum around $2,160.
According to Fixygen, geopolitics remained the key external factor for the crypto market this week. Reuters reported that the escalation of tensions around the Strait of Hormuz and Brent’s surge above $113 per barrel intensified global risk-off sentiment, bolstered the dollar, and heightened fears that the Fed might maintain its hawkish policy for longer. For cryptocurrencies, this meant increased nervousness and a tighter correlation with other risky assets.
Regulatory uncertainty in the U.S. also added to the sector’s headwinds. Last week, Citigroup lowered its 12-month price targets for Bitcoin and Ethereum, citing the stalled progress of U.S. crypto legislation, particularly regarding the CLARITY Act and regulations for stablecoins. According to the bank’s assessment, the lack of rapid regulatory progress is dampening expectations of new institutional momentum.
Against this backdrop, the market experienced sharp volatility over the weekend and on Monday. According to Reuters and market reports, crypto assets initially fell due to rising tensions but then rebounded following signals of a possible pause in further escalation between the U.S. and Iran. Barron’s reported that Bitcoin rose above $70,000, while Investors.com noted an intraday jump above $71,000 following news of a temporary postponement of strikes.
Ultimately, the defining feature of the week was not a shift in the long-term trend, but a sharp increase in the crypto market’s sensitivity to macroeconomic factors. Whereas digital assets were previously often viewed as an isolated asset class, they are now reacting more noticeably to the dollar, yields, energy prices, and political risks.
Fixygen’s baseline forecast for the coming weeks is the continuation of a broad sideways range with high intraday volatility. For Bitcoin, the key zone appears to be the $68,000–$72,000 range: staying above it will support a stabilization scenario, while a new round of escalation in the Middle East or heightened expectations of a Fed rate hike could push the market back into a deeper correction. This conclusion is based on the current set of factors—oil, the dollar, and rate expectations.
For Ethereum, the picture looks weaker than for Bitcoin: the asset remains more sensitive to a decline in risk appetite and a slowdown in the inflow of institutional capital. If the regulatory agenda in the U.S. remains stalled, Ethereum is likely to lag behind Bitcoin and trade under significant pressure. This conclusion aligns with Citigroup’s revised forecast, which lowered its price target for Ethereum more sharply than for Bitcoin.
In a more positive market scenario, triggers could include de-escalation in the Middle East, a weaker dollar, and a return of expectations for Fed policy easing. In that case, the crypto market could quickly move toward a recovery, as liquidity and speculative demand in the sector remain high. But for now, the market is driven less by internal crypto news and more by global macroeconomics and geopolitics.
According to Fixygen, this week was marked by high volatility for the crypto market, but by the end of the week, digital assets had managed to recoup a significant portion of their losses. As of Friday, Bitcoin was trading around $71,530, having risen to $73,900 during the day. Ethereum held steady at $2,120, with an intraday high of $2,200. This indicates that, following a nervous reaction to the escalation in the Middle East, the market has once again shifted toward buying the dips.
The main external driver of the week remained the conflict surrounding Iran. Oil jumped to $119.5 per barrel at the start of the week, and by Friday, Brent was hovering around $100, which intensified fears of a new round of inflation and a deterioration in global risk sentiment. Against this backdrop, the crypto market initially traded like a classic risk asset but then began to appear more stable than stocks and a number of other volatile instruments.
According to Fixygen analysts, institutional flows provided support to the market. According to CoinShares, for the week ending March 9, digital investment products attracted $619 million, with nearly all of the positive momentum coming from the U.S. Bitcoin accounted for $521 million in net inflows, Ethereum for $88.5 million, and Solana for $14.6 million, while XRP, conversely, saw a notable outflow of $30.3 million. The week prior, the market had already seen $1 billion in inflows following five weeks of outflows, indicating a gradual return of demand after the February correction.
However, the week’s performance was uneven. CoinShares notes that in the first three days, investors poured $1.44 billion into digital assets, but then on Thursday and Friday, outflows of $829 million followed due to a spike in oil prices. In other words, the market remains extremely sensitive to macroeconomics: as soon as traders again saw the risk of higher inflation and tighter interest rate expectations, appetite for crypto assets immediately deteriorated.
From a fundamental perspective, the week was rather neutral-to-positive. On the one hand, expectations remain that the U.S. ETF market will continue to gradually expand the presence of institutional capital in cryptocurrencies. On the other hand, difficulties have resurfaced in the U.S. regarding a key bill to regulate the crypto market: negotiations have stalled due to a dispute between banks and crypto companies over the future model for stablecoin products. This means that the market continues to receive support from capital but lacks full regulatory clarity.
In the short term, the market looks like this: Bitcoin has once again consolidated above the psychological threshold of $70,000, while Ethereum is holding the $2,000 range. This is a positive sign following the nervousness seen in February and March. But if the oil shock drags on and inflationary pressure intensifies, cryptocurrencies could quickly return to a mode of sharp sell-offs. For now, the week has largely ended in favor of the bulls: institutional money has returned, Bitcoin has rebounded, and the market has shown that even against the backdrop of war and high oil prices, it is not yet ready to enter a full-blown phase of capitulation.
According to Fixygen, the cryptocurrency market ended the last week of February with a moderate decline: Bitcoin fell to $65,900 on February 28 from $68,000 on February 22, corresponding to a drop of approximately 3%.
During the week, BTC fell to around $64,100 on February 25, then rebounded to $67,900 on February 26, after which it fell below $66,000 again. Ethereum fell by about 2% (to $1,930) over the same period, and Solana fell by about 4% (to $82).
According to CoinMarketCap, at the end of the week, the total capitalization of the crypto market was about $2.25 trillion, with Bitcoin’s dominance at about 58% and 24-hour turnover at about $93-96 billion.
Possible scenarios: baseline — consolidation in the $64-68 thousand range with neutral news background; positive — return to attempts to test $68-70 thousand with improved risk appetite; negative – a decline below $64,000 with an acceleration of the sell-off amid heightened geopolitical risks and pressure from global markets.
According to Fixygen, the cryptocurrency market ended the working week of February 9-15 in consolidation mode after sharp movements at the beginning of the month: Bitcoin fell by approximately 1.7% over the period, from $70,127.9 on February 9 to $68,949.8 on February 15, with an intraday range of around $65,100-71,400.
Ethereum looked weaker: over the week, the price fell by about 4.6%—from $2,104.66 on February 9 to $2,007.02 on February 15. The weekly lows for ETH were around $1,899, indicating increased volatility in the altcoin segment.
Investor sentiment in the middle of the week was influenced by expectations of key US macro data and uncertainty about the trajectory of interest rates. Against this backdrop, Bitcoin quickly lost several percent on certain days, and crypto assets moved in tandem with risky segments of the stock market.
Interest in exchange-traded products remained a separate stabilizing factor: industry reviews noted inflows into iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA) even amid falling prices.
According to industry daily reports, at the beginning of the period under review, the overall market attempted to recover from the previous days’ decline, and capitalization returned to around $2.4 trillion, but it failed to consolidate its steady growth over the week.
