The crypto market started the week on a positive note — ETH and SOL up over 3%, BTC up nearly 2% — but further gains may be limited. The demand side looks weak: spot bitcoin ETFs just snapped a four-week inflow streak with $296 million in outflows, and ether ETFs bled over $200 million. Veteran analyst Peter Brandt warns BTC could fall to $49,000 if current chart patterns hold. The only real upside catalyst? A ceasefire in Iran. But BTC would need to reclaim $75,000 to signal a true bullish reversal.
Bitcoin dips to $65K as Houthis enter the war, then recovers to $67,400
The conflict entered its fifth and widest week yet. Iran-backed Houthis opened a new front, U.S. ground troops arrived in the region, and Iran attacked two aluminum facilities — sending metal prices up 6% and extending the war's economic damage beyond oil. Brent crude hit $115 a barrel, up roughly 90% year-to-date. Bitcoin briefly fell to $65,112, its lowest since the February crash, before Asian markets opened and buyers stepped in. The $65,000 level is being watched closely as key war-time support.
Bitcoin miners are losing $19K per coin and selling BTC to fund a $70B AI pivot
The average public miner spent $79,995 to produce one bitcoin in Q4 2025. With BTC around $67,000, that's a $19,000 loss per coin. The industry's response: over $70 billion in AI and high-performance computing contracts have been signed, and some miners could derive up to 70% of revenue from AI by end-2026. Publicly listed miners have collectively sold over 15,000 BTC from peak holdings to fund the transition. The question is whether this is a temporary survival strategy — or a permanent structural shift away from bitcoin mining.
FTX distributes $2.2B to creditors Tuesday. Jobs report Friday. A big week.
The FTX Recovery Trust distributes approximately $2.2 billion to creditors on Tuesday — the week's biggest potential market catalyst, as recipients decide whether to recycle funds into crypto or exit. Friday brings the U.S. nonfarm payrolls report, arriving while most global equity markets are closed for Good Friday, meaning crypto could absorb the jobs data with an unusual absence of traditional market context. Add in ongoing war headlines and the macro backdrop remains fragile heading into Q2.
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