Crypto has added a Sunday rally with bitcoin rising above $70,000 in quiet hours after Easter in the US.
The gain comes alongside a modest gain in the major stock market averages ahead of President Trump’s Tuesday ultimatum that Iran must open the Strait of Hormuz. Just after midday on the East Coast, the Nasdaq is up 0.45% and the S&P 500 is up 0.3%.
Bitcoin is now higher by nearly 4% over the past 24 hours, with ether, XRP and solana making similar gains.
Contradictory bitcoin bulls – when bitcoin crashed to $60,000 in early February – only took hope that a bottom was forming when the heavily no-coiner Financial Times took a victory lap.
The bulls may have been even more pleased over the past weekend with a few other bottom signals. First was the late Friday news that Jeff Park was leaving his role as chief investment officer at ProCap Financial ( BRR ). Led by Anthony Pompliano, ProCap was among 2025’s hastily formed bitcoin tax companies aiming to hitch their wagon to the BTC bull market and replicate the success of Michael Saylor’s strategy.
As with others of the 2025 crop — David Bailey’s Nakamoto ( NAKA ) and Jack Mallers’ Twenty One Capital ( XXI ) among them — ProCap stock has struggled mightily, underperforming shareholders far more than bitcoin itself.
The second was well-followed, long-time bull Willy Woo, suggesting that bitcoin could trade sideways for 8 to 12 years from here before finally entering a major bull market.
Other signals from the past few weeks: bitcoin miner MARA Holdings offloading more than 15,000 of its bitcoin stack, peer Riot Platforms selling its entire March BTC production of 3,778 coins, and the aforementioned Nakamoto disposing of some of his holdings.
Whether the true bottom is in remains to be seen, but the bottom signs continue to grow.
