Crypto Markets Edge Up as Caution Persists and April Fools’ Scams Loom

Iran is showing signs of war weariness, and US President Trump wants to end the mission in April. Bitcoin and Ethereum are reacting positively.

Bitcoin was trading at just over $68,000 on Wednesday morning; the daily gain of just over 1 percent is likely also due to developments in Iran. Bitcoin ETFs saw an inflow of $118 million on Tuesday, marking their first month-long gain since October of last year.

But otherwise, the first quarter of 2026 was anything but encouraging for Bitcoin

Data from Coinglass shows that the BTC price curve has fallen by 22 percent since the start of the year, and the final quarter of 2025 had already seen a 23 percent decline. Observers note that Bitcoin hasn’t experienced such a long decline since 2019. However, they also point out that after such prolonged downturns, Bitcoin has always managed to find a way out – accordingly, a cautiously positive outlook applies to the current second quarter of 2026.

Ethereum has reclaimed the $2,100 mark with a daily gain of 2.5 percent. While Ethereum ETFs reported a $31 million inflow of capital yesterday, they ended the entire month of March with a loss of $46 million. Since November, Ethereum ETFs have consistently posted monthly losses.

The European Ethereum Institute (EEI), based in Brussels, has officially announced its founding. Among its supporters is the Ethereum Foundation, and the German Blockchain Association is listed as a partner. The institute will lobby for Ethereum and organize ETH educational programs. It remains to be seen whether we will hear more from the European Ethereum Institute in the future, or whether the initiative will prove toothless.

With a 22 percent gain, Algorand is the day’s top performer; just on Monday, ALGO had hit an all-time low of 8 cents. Therefore, the Algorand price jump appears to be a correction, and a comeback for ALGO is not currently on the horizon.

RIVER is today’s biggest loser, down 8 percent. Yesterday, we featured the stablecoin project as our Coin of the Day with a 26 percent gain. It seems speculators are targeting RIVER.

The crypto sentiment barometer remains at “fear,” but is now closer to “neutral” than “extreme fear.” Is a crypto spring on the horizon?

Beware of April Fools’ jokes: Binance founder Changpeng Zhao, for example, joked on X that today was his birthday.

As one of the world’s richest men, he keeps the date secret. But in recent years, the crypto scene has seen several more dangerous “April Fools’ jokes” aimed at plundering wallets. Therefore, please pay extra attention today to messages and emails from crypto enthusiasts that sound too good to be true – you don’t want to become a laughingstock.

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(Featured image by Traxer via Unsplash)

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