Bitcoin kicked off the week on a positive note Monday, April 6, trading at $68,986 — up 2.5% on the day. Ethereum followed suit at $2,109, also in the green. Over the week, BTC is showing a 4.6% gain, signaling that buyers are gradually regaining control after a period of consolidation. This rebound comes against a relatively stable macroeconomic backdrop. Traditional markets, notably the S&P 500 and Nasdaq, closed slightly higher last Friday, supporting risk appetite. Crypto investors also appear reassured by the absence of major regulatory surprises from the U.S. or Europe. The total crypto market cap has now surpassed $2.4 trillion, a level not seen since late March. For traders, Monday’s session marks an important test. If Bitcoin can hold above $69,000, it could pave the way for a run at $70,000 by midweek. Ethereum, meanwhile, remains under pressure from BTC’s dominance, but its positive correlation with the market leader leaves room for a catch-up rally. Trading volumes are moderate, suggesting the move is driven more by spot buying than speculative positions. In short, the market is catching its breath after a turbulent March, and the bulls appear ready to take back control.
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Historical Context
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