Bitcoin Holds $70,000 As Ethereum, XRP, Dogecoin Rise On Improving Macro Sentiment

Bitcoin hovered around $70,000 as improving macro sentiment, driven by easing geopolitical tensions, lifted the broader crypto market on Wednesday.

Notable Statistics:

• Coinglass data shows 79,540 traders were liquidated in the past 24 hours for $219.11 million.       
• SoSoValue data shows net outflows of $74.5 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net outflows of $40.8 million.
• In the past 24 hours, top gainers include siren, MemeCore and Decred.

Notable Developments:

• Here’s Why Bitcoin’s ‘Magic Day’ Is Tax Day, April 15 And What Happens Next
• Jim Cramer: Bitcoin, Gold ‘Failed’ As Crisis Hedges—All He Saw Were Margin Calls
• Dogecoin Up 3%: Can DOGE Benefit From Elon Musk’s Record SpaceX IPO?
• Why Coinbase May Get Hit By Clarity Act Updates But Robinhood And Circle Not
• Pudgy Penguins Launches Visa-Backed Crypto Debit Card Worldwide — PENGU Spikes Nearly 5.6%
• Ripple To Test RLUSD Stablecoin In Singapore’s Central Bank Pilot
• Crypto’s Biggest Betrayal: ‘Senator Lummis Was On Our Team, Now She’s Not,’ Mark Yusko Says

Trader Notes:

Crypto trader Kevin said altcoins could significantly outperform Bitcoin between late 2026 and mid-2027, driven by a surge in global liquidity.

He said such a shift may be triggered by a major macro event, potentially linked to AI disruption or labour market changes, leading to rapid disinflation and aggressive central bank easing. Increased liquidity, he added, would likely flow into higher-risk assets like altcoins.

CryptosBatman noted Bitcoin is approaching a critical technical level that could determine its next major move.

He noted that the current price structure makes this zone especially important, with a breakout or breakdown likely to set the direction for the next phase.

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