Bitcoin
The restrained growth was facilitated by the cessation of Israeli operations in Lebanon. The agreements came into effect on April 16. Investors are awaiting a resolution to the standoff between Iran and the USA, where a ceasefire in the war is in effect until April 22. There is still a long way to go before full de-escalation. The parties have disagreements regarding the Strait of Hormuz, blocked Iranian finances, and its nuclear program. Crypto investors are currently meeting the easing with cautious optimism.
Spot ETFs on $BTC have recorded an inflow of funds for the third consecutive week. This time, the amount of attracted capital was $332.46 million. This figure decreased by 2.36 times compared to last week. The BlackRock iShares Bitcoin Trust (IBIT) was the most popular among investors, receiving an influx of $622.1 million.
Business, especially American, continues to promote $BTC to the masses. The fast-food chain Steak’n Shake introduced a new milkshake this week named after the cryptocurrency — Bitcoin Milkshake. The sales start date, April 27, coincides with the beginning of the Bitcoin Conference 2026 in Las Vegas. Steak’n Shake accepts payments in bitcoins and also has a special employee motivation program where employees receive bonuses for work amounting to $0.21 per hour, denominated in bitcoins.
From a technical analysis perspective, the initiative in the cryptocurrency market has shifted from sellers (bears) to buyers (bulls) of Bitcoin. This is evident from the price exceeding the 50-day moving average (marked in blue). The RSI indicator has risen above 50, which also indicates bullish sentiment. The nearest support and resistance levels on the daily chart are: $72,174 and $76,000.
The Fear and Greed Index has increased by five points compared to last week, reaching 21. Extreme fear still reigns among cryptocurrency investors.
Ethereum
Ethereum increased by 3.82% from April 10 to 17. ETH, like BTC, reached a two-month high. This happened on Tuesday, April 14, when the second-largest cryptocurrency by market capitalization reached $2416.8.
One positive aspect for Ethereum is the growth in the number of new users. In the first quarter of the year, this indicator recorded a record dynamics — 284,100 people. This is 81.5% more than in the last quarter of the previous year. The main reason: the dominant position of the Ethereum network in the stablecoin market. An increasing number of corporate investors are choosing this blockchain to launch their coins pegged to the dollar and other fiat currencies.
Spot ETFs on Ethereum have shown positive dynamics for the second consecutive week. The inflow of funds amounted to $148.34 million. The majority, $68.43 million, came from the BlackRock iShares Ethereum Trust (ETHA).
However, not everything is calm among Ethereum developers. This week it became known that the non-profit organization Ethereum Foundation (EF), which stands behind the second-largest cryptocurrency, is losing senior executive Josh Stark. The news has sparked expectations of greater centralization of the project. Together with Stark, another EF member, Trent Van Epps, announced their departure. The exit of key figures from the Ethereum Foundation occurred shortly after co-founder Vitalik Buterin announced significant changes in the organization's leadership.
From a technical analysis perspective, it cannot be said that Ethereum is in an upward trend. The movement of ETH is still happening sideways. This is confirmed by the low value (20.3) of the ADX indicator, which characterizes the strength of the trend. Despite this, the tone in mid-April is definitely set by the bulls — the price is much higher than the 50-day moving average (marked in blue). The nearest support and resistance levels on the daily chart are: $2200 and $2416.8.
BNB
In the week from April 10 to 17, the cryptocurrency of the Binance exchange successfully settled above $600, gaining 3.77%. The best day for BNB was Monday, April 13, when the price increased by 4.1%.
The support for Binance Coin was provided by the mass burning of BNB. Cryptocurrencies worth over $1 billion have been removed from circulation. The burning occurred automatically based on calculations made over predetermined time periods. The amount of tokens withdrawn from circulation also depends on user and economic activities. Periodic burning of BNB helps reduce selling pressure on the cryptocurrency by decreasing the overall supply.
The growth is also supported by decisions from Binance itself. The Binance Wallet added support for perpetual futures both in the app and in the web interface. This innovation is timed to the Alpha Task Points Campaign. Clients who can generate a cumulative position of $1000 from April 14 to 28 are promised alpha points, which can be converted into rewards until May 12.
The cryptocurrency exchange also introduced the new Binance Chat. Now, messaging and trading can be done from one place. This is another step towards creating Binance's financial super app. Users can add others, participate in group discussions, and make payments directly through chats. To start a chat, you need to accept a contact request using the ID specific to certain chats.
From a technical analysis perspective, BNB has been drifting sideways for two and a half months. The indicators' readings are ambiguous. On one hand, the price has surpassed the 50-day moving average (marked in blue). This favors the buyers. On the other hand, the stochastic is in the overbought zone — a bearish sign. The support and resistance levels on the daily chart are: $566.5 and $686.