The Crypto Market Gained 4% With a Sigh of Relief
By: Alexander Kuptsikevich | Published: Apr 08, 2026
Market Overview
The crypto market experienced a notable increase of 4%, reaching a total market capitalization of $2.45 trillion, largely driven by news of a two-week ceasefire in the Middle East. Bitcoin (BTC) has successfully consolidated above $71,000, surpassing the 50-day moving average, which is a positive technical indicator.
The Fear and Greed Index currently stands at 17, indicating extreme fear among investors. However, there is optimism in the market, with expectations of higher sentiment levels unless significant negative developments occur.
Bitcoin Performance
Bitcoin's price rose to $72,700 following the positive news but has slightly retreated to $71,800, marking a 4.8% increase over the past 24 hours. The focus is now on the $75,000 resistance level, which coincides with the 61.8% Fibonacci retracement level from the recent downward trend.
Crypto Asset Performance
Among the top performers, Zcash (ZEC) surged by 22%, Internet Computer (ICP) by 13%, and Avalanche (AVAX) by 9.5%. Conversely, TRON (TRX) saw a slight decline of 0.2%, while Binance Coin (BNB) and Monero (XMR) increased by 2.5% and 2.8%, respectively.
Investment Trends
According to CoinShares, global investments in crypto funds rose by $224 million last week, reversing a previous outflow. Notably, Bitcoin saw an inflow of $107 million, XRP $120 million, and Solana $35 million, while Ethereum experienced a decrease of $53 million in investments.
The inflow into XRP was particularly significant, marking the largest increase since mid-December 2025.
Network Activity and Risks
Despite the positive market sentiment, Bitcoin's network activity has declined, with daily active addresses dropping to their lowest level since autumn 2013. This decline has negatively impacted transaction fees and mining profitability. Additionally, Bitcoin's hash rate has decreased from 1,066 EH/s to 1,004 EH/s, attributed to the decommissioning of outdated mining equipment.
Concerns regarding Bitcoin's vulnerability to quantum computing have been raised, with experts noting that the real risk lies in the community's potential inability to reach a consensus on how to address these challenges.