On the evening of April 13, 2026, the cryptocurrency market experienced significant growth as Bitcoin surpassed the $74,000 mark, while Ethereum reached above $2,300. This increase occurred against the backdrop of strengthened positions for risk assets and a softening of U.S. rhetoric towards Iran.
This is reported by Business • Media
Cryptocurrency Dynamics: Bitcoin and Ethereum Show Gains
At the time of writing, Bitcoin was trading at $74,316, representing an increase of nearly 8% over the week. Ethereum also made significant progress, holding above $2,300 with over 12% growth on the weekly chart. Meanwhile, most other crypto assets also showed positive dynamics, indicating a general recovery in market sentiment.
State of Financial Markets and Geopolitical Impact
The positive trends affected not only cryptocurrencies but also traditional financial markets. The S&P 500 index rose by 1%, while the Nasdaq 100 increased by 1.06%. At the same time, Brent crude prices fell by more than 1%, and WTI dropped by 1.85%.
Presto Research analyst Rick Maeda emphasized that the factor of geopolitical tension in the Middle East has already materialized, and the recovery has encompassed all high-risk assets:
“Stocks have fully rebounded after the onset of the conflict with Iran and are trading above pre-war levels, while cryptocurrencies have shown a reversal of positions: Bitcoin has returned to the $74,000 mark, and Ethereum has bounced back even more strongly, as the higher beta coefficient is evident,” he noted.
Additionally, U.S. Vice President Jay D. Vance reported progress in negotiations, emphasizing that further steps depend on Iran. He highlighted the necessity of opening the Strait of Hormuz for shipping; otherwise, the U.S. position may change. This rhetoric positively impacted investor sentiment, especially following the U.S. Navy’s blockade of the strait after unsuccessful negotiations in Islamabad.