.png){kind=logo}
Bitcoin surged 4.87% to $74,426, leading a $100B jump in total crypto market cap to $2.52 trillion.
Over $534M liquidations, mostly shorts, triggered a sharp rally as bearish bets were wiped out.
Institutional flows remain strong with $1B BTC purchase and ETF inflows supporting bullish sentiment.
Crypto markets started Tuesday’s session strong with a sharp rally. The total cryptocurrency market cap surged to $2.52 trillion with an addition of over $100 billion in the last 24 hours. Bitcoin trades at $74,426.82 surging 4.87% while Ethereum gained 7.98% to $2,365.44.
Strategy expanded its Bitcoin treasury and it was announced through the company’s April 13, 2026 Form 8-K. The company acquired 13,927 BTC for around $1 billion at an average price of roughly $71,902 per coin.
In the same filing the company also disclosed that it has achieved a year-to-date Bitcoin yield of 5.6% as of April 12. Strategy holds 780,897 BTC worth around $59.02 billion at an average buying price of $75,577 per coin.
Meanwhile Ethereum ETFs also witness inflows of $7.73 million.
According to CoinGlass data, in the past 24 hours, 181,465 traders were liquidated and total liquidations come in at $534.13 million. Out of this total, $431.01 million was short liquidations while longs stand at $102.12 million. The single largest liquidation order happened on Aster - BTCUSDT valued at $12.40 million.
Over $370 million in liquidation happened in the last 12 hours and this aligned with Bitcoin’s spike.
This happened amid reports of Potential US-Iran peace talks. Most of the traders who were betting against the market were caught badly by liquidations and were forced to close their positions.
Also Read: Bitcoin News Today: Morgan Stanley BTC ETF Sets Firm Record With $30.6M First-Day Inflows
“The crypto market is seeing a relief rally with Bitcoin reclaiming the $75,500 level while Ethereum is trading strongly above the $2300 mark. The rally is largely supported by $1.1 billion in crypto ETPs, the highest seen since mid of January. Additionally, Strategy’s latest purchase of 13,927 bitcoins has further improved the market sentiment. If the momentum continues, the buying pressure could help BTC toward the $80,000 zone. On the other hand, Ethereum is closer to a breakout, with a sustained close above $2400 making way for $2,800, while $2100 acts as a support level,” said Akshat Siddhant, Lead quant analyst, Mudrex, while speaking about the current market scenario.
Bitcoin holding above $73,000 is the immediate technical priority. The asset needs to hold this level as support for the rally to continue toward $74,000 to $75,000.
The next catalyst in near term is the SEC roundtable on the CLARITY Act on April 16. Depending on how regulators frame the path forward that event could either validate current breakout or trigger profit-taking from traders.
Also Read: Why Traders Believe ETH Will Hold $1,800 Support: 3 Key Reasons
Oil prices declined in early Asian session on Tuesday on hopes of peace talks between US-Iran which eased concerns for disruption in energy supplies.
Speaking to reporters outside the White House on Monday Trump said, "I can tell you we've been called by the other side. They'd like to make a deal very badly."
The price of Brent crude fell by around 1% to $98.40 a barrel while US-traded oil dropped by 1.7% to $97.40. President Donald Trump said that Tehran has contacted Washington about a potential agreement.
1. Why is Bitcoin rising today?
Bitcoin surged due to short liquidations, institutional buying, and optimism around US-Iran peace talks.
2. How much liquidation occurred in the market?
Around $534 million was liquidated in 24 hours, with most positions being shorts.
3. What is driving Ethereum’s price increase?
Ethereum gained nearly 8% due to ETF inflows and overall bullish momentum in the crypto market.
4. What role did institutions play in the rally?
Institutional demand strengthened sentiment, including a $1B Bitcoin purchase by Strategy.
5. What are the key levels to watch for Bitcoin?
Bitcoin needs to hold above $73,000 support to continue toward the $75K–$80K range.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
