Bitcoin Surges Above $75K as Risk Appetite Returns
Bitcoin climbed to a one-month high above $75,000 on Tuesday, recovering losses from the weekend as improving market sentiment and easing oil prices boosted demand for risk assets.
The world’s largest cryptocurrency was last trading 4.3% higher at $75,445, marking a strong rebound toward levels last seen in mid-March, before tensions in the Iran conflict escalated.
Risk-On Sentiment Drives Crypto and Equities Higher
The rally in Bitcoin mirrored a broader surge in global markets. Wall Street posted solid gains on Monday, with the S&P 500 rising more than 1% and the Nasdaq Composite advancing as investors continued to favor technology stocks amid strong artificial intelligence-driven optimism.
Momentum carried into Tuesday’s session, with the S&P 500 up 0.5% and the Nasdaq gaining 1% in early trading.
Oil Pullback and Diplomacy Boost Market Confidence
A decline in oil prices, which slipped below the $100 per barrel level after recent spikes, helped support appetite for higher-risk assets such as cryptocurrencies.
Investor sentiment was further supported by signs that diplomatic communication between the United States and Iran remains active. Reports suggest both sides are considering another round of talks aimed at extending a fragile ceasefire.
This comes despite ongoing tensions, including a U.S. naval blockade of Iranian ports and warnings of retaliation from Tehran.
Short Covering Accelerates Bitcoin’s Rally
The upward move in Bitcoin was also fueled by short covering, as traders closed bearish positions while prices pushed higher. This added momentum to the rally and amplified gains across the crypto market.
U.S. Inflation Data Comes in Below Expectations
Inflation data provided additional support to markets on Tuesday. The U.S. producer price index (PPI) rose 0.5% in March on a monthly basis and 4.0% year-on-year, both below market expectations.
Core PPI, which excludes food and energy, increased by 0.1% month-on-month and 3.8% annually, indicating more moderate underlying inflation pressures.
Although headline inflation marked its strongest annual increase since February 2023—largely driven by an 8.5% jump in energy prices—core readings remained relatively contained.
Deutsche Boerse Invests in Kraken’s Parent Company
German exchange operator Deutsche Boerse announced a $200 million investment in Payward, the parent company of crypto exchange Kraken.
The investment, made through a secondary share purchase, gives Deutsche Boerse a 1.5% fully diluted stake. The move strengthens a strategic partnership launched in December 2025, aimed at integrating traditional financial systems with digital asset infrastructure.
The collaboration is expected to expand offerings across trading, custody, settlement, and tokenized assets, improving access for institutional investors.
Strategy Expands Bitcoin Holdings with $1 Billion Purchase
Strategy Inc revealed it acquired 13,927 Bitcoin for approximately $1 billion last week. The purchase was partially funded through the sale of preferred shares.
The company issued around 10.03 million shares of its Series A perpetual preferred stock, raising close to $1 billion in net proceeds. The Bitcoin was acquired at an average price of about $71,902 per token.
Following this transaction, Strategy’s total Bitcoin holdings increased to 780,897 BTC, with a combined acquisition cost of $59.02 billion.
Altcoins Rally as Ethereum Leads Gains
The broader cryptocurrency market also posted strong gains. Ethereum surged approximately 7% to $2,384, leading the altcoin rally.
XRP rose 3.3% to $1.3905, while Solana gained 4%. Cardano and Polygon each advanced more than 2%.
Among meme coins, Dogecoin stood out with a rise of over 5%.
