Bitcoin opened the week on a positive note this Monday, April 6, trading at $68,986, a 2.5% increase on the day. Ethereum follows the trend at $2,109, also rising. Over the week, BTC has gained 4.6%, a sign that buyers are gradually regaining control after a period of consolidation.
This rebound comes in a relatively stable macroeconomic context. Traditional markets, notably the S&P 500 and the Nasdaq, closed slightly higher last Friday, supporting risk appetite. Crypto investors also appear reassured by the absence of shock regulatory news in the US or Europe. The total crypto market capitalization now exceeds $2.4 trillion, a level not seen since late March.
For traders, this Monday marks an important test. If Bitcoin manages to hold above $69,000, it could pave the way for an attempt to break through $70,000 by mid-week. Ethereum, for its part, remains under pressure from BTC’s dominance, but its positive correlation with the market leader suggests a potential catch-up. Trading volumes are moderate, indicating that the move is driven more by spot buying than speculative positions. In summary, the market is catching its breath after a turbulent March, and the bulls seem ready to take back control.
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Historical Context
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