Here’s a breakdown of the crypto market from last week:
Honestly, it has been a curious week. We started the week with some heavy unease as crude oil prices climbed to $109.77 to $111.25 per barrel. Usually, when that happens, everyone gets jumpy and starts moving their money into safer assets like gold. Bitcoin was gradually slipping back up to $68,982 from the $66,694 it ended the first quarter with.
However, we are starting to witness a little moment of optimism as Bitcoin is back to the 70k mark, currently $73,358 as at the time this email was written.
The question you might be asking is, why is the price going up again? There are a few things; the de-escalation of the middle-east conflict and a stronger buy signal by retail investors.
In the last two editions of the market analysis, we highlighted a few reasons bitcoin has been dipping – The US Fed announcing 2026 inflation forecast up from 2.4% to 2.7%. Bitcoin miners counting their losses and pivoting to AI and the elephant in the room, the war in Iran and fuel prices.
But what are the indicators of this recovery?
Bitcoin’s gradual bullish recovery is an indication of a strong buy signal. Following the de-escalation of the middle-east conflict (Trump called a two-week ceasefire between the US and Iran, there has been an increase in on-chain activities. Retail bitcoin investors have recently accumulated about $4.37million worth of bitcoin. This indicates that the hard days might be over, for now. But also, the ceasefire is just for two weeks, who knows what will happen within that period.
Disclaimer: This content may cause extreme FOMO (Fear of Missing Out). Side effects of investing include sudden wealth (or, you know, the opposite 😢). Please do your own research (DYOR) or speak to your financial advisor before making any decisions.
