Bitcoin and Ether Surge as Crypto Market Rebounds
Bitcoin and Ether are the two largest crypto assets by market capitalization, and their performance is often viewed as a gauge of risk appetite and institutional fund flows. As the Iran conflict pushed up oil prices and fueled recession concerns, the U.S. Treasury and the United Arab Emirates discussed a currency swap facility aimed at reducing the risks of dollar-funding stress and a credit crisis. The talks provided an important backdrop to the rally.
A report published on April 23, 2026, said the total cryptocurrency market capitalization had climbed to an 11-week high the previous day, with Bitcoin touching $79,000 and Ether rising to $2,400. U.S.-listed spot Bitcoin ETFs recorded net inflows for six consecutive days, totaling $1.54 billion. The Morgan Stanley Bitcoin Trust reached $145 million in net assets less than three weeks after its launch.
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The history behind this eventBitcoin Reclaims $67,500 as Crypto Market Rebounds Broadly
The market had been weighed down by a February selloff and extreme pessimism after U.S. spot Bitcoin ETFs recorded $3.8 billion in net outflows over five consecutive weeks. Crowded leveraged short positions also left the market vulnerable to a short squeeze when prices rebounded. Whether ETF inflows resume has become a key indicator of risk appetite among U.S. institutional investors.
On February 25, Bitcoin rose more than 5% over 24 hours to $67,500 in early U.S. trading. ETH reclaimed $2,000, while major tokens including SOL and DOGE gained more than 10%. CoinGlass recorded more than $307 million in short liquidations. U.S. spot Bitcoin ETFs posted net inflows of $506.5 million that day, including $297.4 million for BlackRock’s IBIT.
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