Bitcoin briefly touches $70,000 as ETF inflows signal institutional interest

Crypto Daybook Americas Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin briefly touches $70,000 as ETF inflows signal institutional interest Your day-ahead look for April 7, 2026 By Francisco Rodrigues | Edited by Sheldon Reback Apr 7, 2026, 11:17 a.m. Make preferred on The price of oil and geopolitics continues to influence the price of bitcoin. (Sergio Russo/Flickr) What to know : If you're not already subscribed to the newsletter email, click here . By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC $ 68,341.59 and the wider crypto market showed mixed signals on Tuesday, with the largest cryptocurrency briefly touching $70,000 on reports a ceasefire in Iran was proposed. The hesitation comes a day after bitcoin exchange-traded funds (ETFs) recorded their largest inflows since late February , even as the market pays close attention to the harsh macro backdrop. Bitcoin ETF investors’ demand suggests they see the current price action as an accumulation opportunity. Binance Research found earlier this month that bitcoin’s correlation with its Global Easing Breadth Index, which tracks 41 central banks, turned strongly negative after the launch of spot bitcoin ETFs. ETF-driven institutional flows tend to be more forward-looking, positioning themselves for expected policy moves. That is, institutional capital may be accumulating ahead of expected easing of monetary policy. Bitfinex Alpha described the market as range-bound but fragile, with weak organic demand, slower corporate treasury buying and options positioning that turns more unstable below $68,000 as downside protection grows. Macro pressure remains relevant too. Brent crude remains above $110 a barrel as the looming deadline U.S. President Donald Trump imposed on Iran for a deal to open the Strait of Hormuz keeps investors on edge. The market currently sees little room for the Federal Reserve to lower rates in the near future given the expected inflation rise caused by higher energy costs. U.S. inflation data coming in later this week will be critical. Stay alert! Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today What to Watch For a more comprehensive list of events this week, see CoinDesk's " Crypto Week Ahead ". Crypto Nothing scheduled. Macro April 7, 07:15 a.m.: U.S. ADP Employment Change Weekly (est. 10K) April 7, 7:30 a.m.: U.S. Durable Goods Orders MoM for February est 04% (Prev. 0%) April 7, 11:35 a.m.: Chicago Fed President and CEO Austan Goolsbee to participate in a conversation on economic and monetary policy. Earnings (Estimates based on FactSet data) Nothing scheduled. Token Events For a more comprehensive list of events this week, see CoinDesk's " Crypto Week Ahead ". Governance votes & calls April 7: Kamino and xStocks to host an X Spaces session on tokenization. Balancer DAO is voting across two linked proposals to restructure operations with a reduced team and budget, and to revamp tokenomics by halting BAL emissions, discontinuing veBAL, routing all fees to the treasury, and offering a token buyback. Voting ends April 7. CoW DAO is voting to fix its solver rewards budget at 50% of protocol revenue, splitting it between performance and new consistency rewards. The proposal has overwhelming support and ends April 7. Unlocks No major unlocks. Token Launches No major launches. Conferences For a more comprehensive list of events this week, see CoinDesk's " Crypto Week Ahead ". Nothing scheduled. Market Movements BTC is down 0.98% from 4 p.m. ET Monday at $69,149.83 (24hrs: -1.05%) ETH is down 0.98% at $2,128.41(24hrs: -1.31%) CoinDesk 20 is down 1.13% at 1,946.75 (24hrs: -1.59%) Ether CESR Composite Staking Rate is up 4 bps at 2.74% BTC funding rate is at 0.0049% (5.3327% annualized) on Binance DXY is down 0.15% at 99.83 Gold futures are unchanged at $4,688.40 Silver futures are down 0.3% at $72.63 Nikkei 225 closed unchanged at 53,429.56 Hang Seng closed down 0.70% at 25,116.53 FTSE is up 0.33% at 10,470.51 Euro Stoxx 50 is up 0.98% at 5,748.35 DJIA closed on Monday up 0.36% at 46,669.88 S&P 500 closed up 0.44% at 6,611.83 Nasdaq Composite closed up 0.54% at 21,996.34 S&P/TSX Composite closed up 0.22% at 33,181.97 S&P 40 Latin America closed up 0.12% at 3,656.10 U.S. 10-Year Treasury rate is down 1 bps at 4.325% E-mini S&P 500 futures are unchanged at 6,657.25 E-mini Nasdaq-100 futures are unchanged at 24,373.50 E-mini Dow Jones Industrial Average Index futures are up 0.16% at 46,976.00 Bitcoin Stats BTC Dominance: 59.04% (-0.08%) Ether-bitcoin ratio: 0.03077 (0.54%) Hashrate (seven-day moving average): 951 EH/s Hashprice (spot): $31.40 Total fees: 2.18 BTC / $151,084 CME Futures Open Interest: 117,120 BTC BTC priced in gold: 14.8 oz. BTC vs gold market cap: 4.6% Technical Analysis The chart shows bitcoin's dollar price in weekly candle for the past several years. The measure is still trading around the 200-week exponential moving average of $68,317 while the RSI continues to grind up after bottoming out at 27 a few weeks ago. With no clear bearish RSI divergences, the next core level to monitor is $73,000 for any confirmed upward momentum Crypto Equities Coinbase Global (COIN): closed on Monday at $174.79 (+1.94%), -0.56% at $173.82 in pre-market Circle Internet (CRCL): closed at $92.15 (+2.09%), +0.18% at $92.32 Galaxy Digital (GLXY): closed at $18.28 (+3.63%), +0.11% at $18.30 Bullish (BLSH): closed at $37.35 (+2.69%), unchanged in pre-market MARA Holdings (MARA): closed at $8.85 (+1.61%), -0.55% at $8.80 Riot Platforms (RIOT): closed at $13.52 (+5.13%), -0.52% at $13.45 Core Scientific (CORZ): closed at $16.29 (+0.37%), -0.18% at $16.26 CleanSpark (CLSK): closed at $9.10 (+3.53%), -0.33% at $9.07 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $36.70 (+2.63%) Exodus Movement (EXOD): closed at $6.33 (+3.77%), +0.63% at $6.37 Crypto Treasury Companies Strategy (MSTR): closed at $127.69 (+6.56%), -0.71% at $126.79 Strive (ASST): closed at $10.12 (+3.79%), +0.30% at $10.15 SharpLink Gaming (SBET): closed at $6.38 (+3.07%), +0.12% at $6.39 Upexi (UPXI): closed at $1.01 (+3.59%), -0.99% at $1.00 Lite Strategy (LITS): closed at $1.14 (+1.79%) ETF Flows Spot BTC ETFs Daily net flows: $471.4 million Cumulative net flows: $56.41 billion Total BTC holdings ~1.29 million Spot ETH ETFs Daily net flows: $120.2 million Cumulative net flows: $11.63 billion Total ETH holdings ~5.68 million Source: Farside Investors While You Were Sleeping Iran defies US deadline to reopen Strait of Hormuz as Trump threatens infrastructure strikes (euronews): Iran pushed back on the U.S. president's ultimatum to reopen the Strait of Hormuz, as Trump again reiterated his threat of Iran's "complete demolition" when the deadline expires. Oil climbs higher again, U.S. futures slide as Iran deadline approaches (The Wall Street Journal): In early European trading, Brent crude rose 1.3% to $111.15 a barrel, while WTI added 2.6% to $115.3 a barrel. European natural-gas prices also rose. SEC close to putting out 'reg crypto' for fundraising questions, Chair Atkins says (CoinDesk): The SEC will publish a "Reg Crypto" proposal soon, after it receives a White House signoff, Chairman Paul Atkins said. This proposal will address startup exemptions and fundraising questions. Crypto Daybook Americas 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 Bitcoin has room to rally, but there's a catch By Omkar Godbole | Edited by Sheldon Reback 23 hours ago Your day-ahead look for April 6, 2026 What to know : If you're not already subscribed to the newsletter email, click here . Read full story Latest Crypto News Bitcoin price-drop speculation spurred by familiar price pattern 24 minutes ago Bitcoin pulls away from software stocks as Iran war, AI reshape market dynamic 1 hour ago Bitcoin ETF inflows hit highest level since February 5 hours ago XRP slips to $1.31 after failed breakout as liquidity dries up 5 hours ago Bitcoin miners face a new rival for cheap power as Anthropic signs multi-gigawatt compute deal 6 hours ago Bitcoin, ether, solana hold steady as Trump sets Tuesday night deadline for Iran deal 6 hours ago Top Stories Bitcoin drops toward $68,000 as demand weakens and whales sell 7 hours ago SEC close to putting out 'reg crypto' for fundraising questions, Chair Atkins says 7 hours ago Appeals court blocks New Jersey from shutting down Kalshi's sports markets 19 hours ago Strategy added another 4,871 bitcoin for $330 million, with holdings nearing 767,000 BTC 23 hours ago OpenAI CEO urges U.S. to prepare for AI ‘superintelligence’ risks and gains 19 hours ago In this article BTC BTC $ 68,341.59 ◢ 1.82 %