Weekly market summary: sharp increases in crypto against the backdrop of the ceasefire between the US and Iran
A week of volatility and hope in the crypto market
The first week of April 2026 was one of the most exciting in the digital currency market in months. After a period of declines and uncertainty, the crypto market experienced a significant recovery driven mainly by geopolitical events. The total market value of the digital currencies was about 2.44 trillion dollars, with a daily trading volume of about 94 billion dollars – figures that indicate the return of investor interest.
Thank you for reading this post, don't forget to subscribe!Bitcoin crosses the $71,000 mark
The market’s leading currency, Bitcoin, opened the week around $68,859 on Monday amid concerns over continued geopolitical tensions. However, already on Wednesday, after the cease-fire announcement between the US and Iran, Bitcoin jumped to $71,926 – an increase of about 4.5% in one day. This is a significant break above the $70,000 level, a level not seen since March 26. Bitcoin dominance in the crypto market remains high, indicating that the currency continues to serve as a “safe haven” within the crypto world.
Ethereum leads the rise of altcoins
Ethereum, the second largest coin, performed even more impressively than Bitcoin this week. The currency rose from $2,107 on Monday to $2,239 on Wednesday — a jump of 6.3% in 48 hours. Ethereum crossed the $2,200 level and reflected its highest value since March 18. The increase in ETH reflects renewed optimism around the DeFi system and staking protocols, which are attracting increasing volumes of use.
Top 10 performance: who rose and who fell?
Of the ten largest currencies by market capitalization, most currencies ended the week in the green. Solana (SOL) continued to establish its position as one of the fastest networks and registered decent increases alongside a high trading volume. BNB, the fourth largest coin, demonstrated relative stability and continued to attract users to the BNB Chain. Stablecoins such as Tether (USDT) and USDC as expected remained stable around one dollar, but their trading volume increased — a sign that investors are increasing activity.
XRP had a mixed week, as the volatility surrounding US regulatory proceedings continued to affect the price. On the other hand, Cardano (ADA) and Avalanche (AVAX) demonstrated moderate gains supported by increasing developer activity on their networks.
The geopolitical factor: how the ceasefire moved the market
The main event of the week was undoubtedly President Trump’s announcement of a two-week ceasefire deal with Iran. The announcement came after weeks of mounting tensions that have pressured both equity and crypto markets. The reaction in the crypto market was immediate and sharp — Bitcoin and Ethereum soared within hours, and trading volume increased significantly. Interest in crypto as a geopolitical risk asset continues to reinforce the “digital gold” narrative, especially for Bitcoin.
What is expected next week?
In the coming week, investors will follow developments regarding the ceasefire and macroeconomic data from the USA. Bitcoin’s major support level currently stands at $70,000, and a break above it would indicate continued positive momentum. For Ethereum, the $2,200 level has become a new support level to be tested this week. The market as a whole seems cautiously optimistic, but it is important to remember that high volatility is an integral part of the crypto world.
Disclaimer: The information in this article is for information purposes only and does not constitute financial advice, investment advice, or a recommendation for the purchase or sale of any digital assets. Investing in digital currencies involves high risk, including complete loss of the investment. Independent research should be done and a qualified financial advisor consulted before making investment decisions.
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