Bitcoin climbs above $70,000 as more contrarian bottoming signs emerge

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin climbs above $70,000 as more contrarian bottoming signs emerge Sales of bitcoin by prominent holders and executive exits could give hope to the battered crypto sector. By Stephen Alpher Apr 6, 2026, 4:28 p.m. Make preferred on Bottom signs emerge for bitcoin (Getty images) Crypto has added to a Sunday rally, with bitcoin BTC $ 69,982.77 rising above $70,000 in quiet post-Easter U.S. trading hours. The gains come alongside a modest advance in the major stock market averages ahead of President Trump's Tuesday ultimatum for Iran to open the Strait of Hormuz. Just past the noon hour on the East Coast, the Nasdaq is higher by 0.45% and the S&P 500 by 0.3%. Contrarian bitcoin bulls — as bitcoin crashed to $60,000 in early February — first took hope that a bottom was forming, as the strongly no-coiner Financial Times took a victory lap . The bulls may have been even more pleased over this past weekend by a couple of other bottoming signals. First was the late Friday news that Jeff Park was exiting his role as chief investment officer at ProCap Financial (BRR). Led by Anthony Pompliano, ProCap was among 2025's hastily formed bitcoin treasury companies aiming to hitch their wagon to the BTC bull market and replicate the success of Michael Saylor's Strategy. As with others of the 2025 crop — David Bailey's Nakamoto (NAKA) and Jack Mallers' Twenty One Capital (XXI) among them — ProCap stock has struggled mightily, performing far worse for shareholders than bitcoin itself. Second was well-followed, longtime bull Willy Woo, suggesting that bitcoin could trade sideways for 8 to 12 years from here before finally entering a major bull market. Other signals of the past couple of weeks: bitcoin miner MARA Holdings unloading more than 15,000 of its bitcoin stack, peer Riot Platforms selling off its entire March BTC production of 3,778 coins, and the aforementioned Nakamoto parting with some its holdings. Whether the true bottom is in remains to be seen, but the bottoming signs continue to grow. Bitcoin News Breaking News More For You Encryption Supremacy: Zcash and Privacy in the Age of Scale By CoinDesk Research Mar 31, 2026 Commissioned by GenZcash Most crypto privacy models weaken as blockchain data grows. Encryption-based models like Zcash strengthen. CoinDesk Research maps the five privacy approaches and examines the widening gap. Why it matters : As blockchain adoption scales, the metadata available to machine learning models scales with it. Obfuscation-based privacy approaches are structurally degrading as a result. This report provides a comprehensive comparison of all five major crypto privacy architectures and a framework for evaluating which models remain durable as AI capabilities improve. View Full Report More For You Jamie Dimon says JPMorgan must move faster as tokenization reshapes finance By Helene Braun , AI Boost | Edited by Stephen Alpher 47 minutes ago “A whole new set of competitors is emerging based on blockchain," said Dimon in his annual letter to shareholders. What to know : Jamie Dimon warned that blockchain-based technologies such as tokenization, stablecoins and smart contracts are emerging as direct competitors to traditional banking and could fundamentally change core functions like payments, trading and asset management. He said JPMorgan must accelerate its own blockchain efforts, including its Kinexys unit and JPM Coin, as... Read full story Latest Crypto News Appeals court blocks New Jersey from shutting down Kalshi's sports markets 18 minutes ago OpenAI CEO urges U.S. to prepare for AI ‘superintelligence’ risks and gains 40 minutes ago Jamie Dimon says JPMorgan must move faster as tokenization reshapes finance 47 minutes ago Solo bitcoin miner overcomes 1-in-28,000 odds to secure $210,000 block reward 2 hours ago CoinDesk 20 performance update: NEAR Protocol (NEAR) jumps 8.1% over weekend 2 hours ago Bitmine's ether treasury hits 4.8 million ETH as stock listing moves to NYSE 2 hours ago Top Stories Strategy added another 4,871 bitcoin for $330 million, with holdings nearing 767,000 BTC 4 hours ago Bitcoin rallies on report of Iran ceasefire talks, Algorand extends gains 5 hours ago Circle future-proofs Arc blockchain against quantum computing threats 9 hours ago IMF warns tokenization could bring crypto risks into global financial markets 7 hours ago A simple explainer on what quantum computing actually is, and why it is terrifying for bitcoin 20 hours ago In this article BTC BTC $ 69,982.77 ◢ 4.14 %