On April 6, 2026, the price of Bitcoin once again crossed the psychological barrier of $70,000 — marking the first such achievement in the last ten days. The last time the leading cryptocurrency traded at a similar level was on March 27, after which a slight decline was observed. As of today, Bitcoin is attempting to stabilize above this mark, demonstrating steady demand among investors.
This is reported by Business • Media
Bitcoin Dominance and Market Situation
The current share of Bitcoin in the cryptocurrency market exceeds 59%, indicating its predominant influence on the overall dynamics of the industry. Meanwhile, Ethereum is trading at around $2,150, maintaining relative stability despite Bitcoin’s price fluctuations.
“On April 6, 2026, the price of Bitcoin surpassed the $70,000 mark for the first time in about 10 days. The last time the asset traded at this level was on March 27. At the time of writing, the first cryptocurrency is trying to stabilize near this mark.”
In the last 24 hours, the liquidation volume in the crypto asset market reached approximately $325 million, with about $75 million occurring in the last hour. This may be a result of sharp price changes or attempts by large players to influence the market over the weekend to close short positions. Experts at Bull Theory suggest that the current rise in Bitcoin is either related to expectations of positive news regarding the deal between the U.S. and Iran or is a manipulation for mass liquidation of short positions, after which the price may return to previous levels with the opening of American markets.
Fear and Greed Index and Investor Sentiment
Despite the significant rise in Bitcoin’s price, the fear and greed index for the cryptocurrency market remains at a low level — 13 points, corresponding to the “extreme fear” zone among market participants. This fact indicates investor caution and a lack of excessive optimism.
Previously, ARK Invest CEO Cathie Wood referred to Bitcoin’s 50% drop as a “true victory,” highlighting the long-term belief in the potential of this asset even amid sharp volatility.