After 11 straight weeks of slow and sideways movement, the crypto market is finally showing signs of recovery. Today, the total market value has risen by about 1.5% to reach $2.54 trillion.
Bitcoin is leading this move, jumping around 7% this week and trading near $75,063. Other major coins like Ethereum, Solana, XRP, Dogecoin, and Hyperliquid are also moving up, gaining between 2% and 5%.
Now the big question is, why is the crypto market suddenly going up today?
One of the key reasons behind today’s crypto rally is the strong surge in U.S. tech stocks, which pushed the Nasdaq to a new all-time high of 24,021.03,1. Meanwhile, the S&P 500 also reached a record 7,023, rising 0.77%.
Investors are also feeling positive as tensions between the U.S. and Iran may ease soon. In a recent interview, President Donald Trump said the war is “very close to being over,” easing geopolitical concerns.
As fear goes down, money is moving back into stocks and crypto, pushing prices higher.
Also Read : Bitcoin Targets $80,000, Ethereum Eyes $2,700 and XRP Could Hit $1.55 Says Chart Analyst
Another positive sign is that the CLARITY Act could soon reach the Senate floor.
Senator Thom Tillis said discussions are still ongoing, especially around stablecoin yield rules. He added that some points still need negotiation, but he remains optimistic about moving forward soon.
At the same time, White House crypto advisor Patrick Witt said both parts of the bill are close to the final stages, with key negotiations nearly complete.
This means clear crypto rules in the U.S. may arrive sooner than expected, possibly around Consensus 2026.
Another key reason crypto prices are rising today is the return of ETF inflows.
After several days of outflows, both Bitcoin and Ethereum ETFs are seeing fresh investor interest again.
On April 14 and 15, Bitcoin ETFs recorded inflows of $411.4 million and $186.1 million. Fidelity led with $47.3 million, followed by Ark with $42.2 million, while BlackRock also continued to see steady inflows.
At the same time, Ethereum ETFs saw continued inflows for the week, led by Grayscale and BlackRock.
Short liquidations also played a big role. As per CoinGlass data, in the last 24 hours, over $225 million in positions were wiped out, and most of them were short trades. This means traders who expected prices to fall were forced to buy back, pushing prices higher.
For the past two months, Bitcoin has tested the $76K level many times but failed to break it. If Bitcoin finally breaks this level, it could move up fast and target $90K.
Once Bitcoin breaks out, other major coins like ETH, XRP, Solana, and Doge are likely to follow with strong moves.
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