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Crypto trading volume

The global cryptocurrency market capitalization has increased 1.1% since Sunday, April 12, standing at $2.52 trillion on April 13. This is also a 2.2% 7-day rise from $2.49 trillion seen on April 6. Notably, it has also turned green in the 14-day period, while it stayed red in the 30-day and 3-month timeframes.

At the time of writing on Monday, April 13 (13:00 UTC), the total crypto trading volume in the last day is at $79 billion. Though relatively low, it’s still higher than the volume recorded last Monday, posting just $59.9 billion.

Over the past day, week, and month, Tether (USDT), Bitcoin (BTC), and Ethereum (ETH) led the list, though the order has changed depending on the period, with BTC and ETH switching places. In the past seven days, USDT recorded $499.5 billion, BTC saw $194.5 billion, and ETH posted $89.4 billion.

Altcoins enter green zone 

Of the top 100 coins by market cap, only 15 have seen their prices drop on Monday, April 13, while the rest have increased. Polkadot (DOT) fell the most, 4% to the price of $1.17, followed by Chiliz (CHZ)’s 2.6% to $0.03647. At the same time, RaveDAO (RAVE) is the winner in this category, having risen 229% to $9.6. Stable (STABLE) and Venice Token (VVV) also saw double-digit increases of 10%-11%.

In the 7-day timeframe, we find 50 of the top 100 coins in the red. Four coins posted double-digit drops, the highest of which is World Liberty Financial (WLFI)’s 21%, now trading at $0.07987. Bittensor (TAO) follows with a 19.6% drop to the price of $260. On the other hand, RAVE posted a 3,850% rise in this period, while 14 other coins posted double-digit increases, the highest of which is Zcash (ZEC), which surged 40% to $354.

Now, let’s shift our focus to the top 10 coins. On April 13, we find all but one green over the past 24 hours. That one red coin is Tron (TRX), having dropped 0.6% to $0.32. Hyperliquid (HYPE) is the category’s winner, having appreciated 5.4%, currently trading at $42.7. Solana (SOL) and Binance Coin (BNB) are next, with increases of 2.06% and 1.99% to $83 and $601, respectively.  

In the 7-day period, three coins are still red, while five are green (not taking the stablecoins into account). BNB dropped by 0.7% to $605, while Dogecoin (DOGE) and XRP fell by less than 0.5% each. HYPE is the category’s winner, having appreciated 13.7% since Monday, April 6. Bitcoin (BTC) finally enters the top winner/loser list, with a 3.5% rise.

Bitcoin stays above $70,000

Bitcoin has appreciated 1.6% since Sunday, April 12, standing at $71,929 on Monday, impacting choices to buy crypto. It’s also up 3.5% over the past week, placing it among the week’s best performers. It rose 1.5% in the 1-month period, while it’s down 12% in a year. It also fell 43% from its all-time high of $126,080.

The price moved in a tight range, from the intraday low of $70,617 to the day’s high of $72,339. The weekly range is slightly wider, with the price moving between $67,946 and $73,538. Overall, the coin continued posting minor increases for a third week in a row, finally managing to hold above the $70,000 level for nearly a week. While the week saw the price falling to the sub-$68,000 zone, the week brought a recovery towards $73,000.

A further upside will lead to above $72,400, followed by $74,000 and $75,600 breakthroughs. This could open a path towards $80,000. However, a reversal could lead back to the sub-70,000 territory and towards $67,400.

Ethereum holds $2,200

Ethereum appreciated 1.75% in a day, currently changing hands at $2,220, while it added 3.21% to the price over a week, making it the third-best performer among the top 10 coins by market cap. Overall, it’s up 6% in a month and 40% in a year, thus outperforming BTC in the latter category. It pulled back by 50% from the ATH of $4,946.

The price moved between $2,178 and $2,231 in a day, as well as between $2,071 and $2,307 in a week. Like BTC, ETH is largely consolidating, but it managed to move above $2,100 over the past two weeks and above $2,200 over the past week, therefore posting consistent gains.

ETH is expected to continue rising, at least in the near-term. This would allow it to break above $2,350, which could lead to the $2,500 mark. A pullback, however, would lead back below $2,000 and towards the $1,980 and $1,800, seeking to establish a support zone.

Sentiment returns to neutral

At the time of writing, the crypto market sentiment stands at 45, significantly higher than 38 seen last Monday. This move allowed the metric to exit the fear zone, where it had stayed for the majority of the year so far. It’s now in the neutral zone, while the highest point over the past 30 days was 47 on April 7.

The current level indicates that the investors are still very cautious, but they’re not panicking and, importantly, buyers seem to be stepping back into the game to buy crypto. The selling pressure is obviously still there, but it’s not as aggressive as it was a couple of weeks ago. Given the price movements over the past two-three weeks, we can conclude that the market is consolidating in preparation for another significant move.

Key drivers behind market moves

The past week is a good example of the mixed drivers behind crypto market moves, underscoring the factors that show whether it’s a good time to buy crypto. While macro tailwinds sparked a bounce, geopolitical and liquidity concerns capped upside, leading to choppy consolidation.

According to Glassnode, BTC’s approach to the $70,000–$80,000 band “faces thin liquidity and profit-taking pressure, capping the bounce,” while “another bounce to >$70k range was exhausted by >$20M/Hour profit realization.”

Moreover, the Number of Addresses in Loss stood at ~13.5 million on April 12, with BTC at the $70,800 level. “This indicates that a meaningful portion of the network acquired coins above the current spot price,” the analysts argue.

Meanwhile, as BTC hit a key resistance zone at the $71,000–$73,000 range, traders started locking in the gains after the US-inflation-data-driven rally, with a strong sell pressure near resistance, and a consolidation zone forming.

US inflation data form a short-term bullish catalyst

Early last week, the US inflation data, specifically the CPI (Consumer Price Index) and PCE (Personal Consumption Expenditures) expectations, triggered a relief rally, with BTC pushing toward $73,600.

The US annual inflation rate for March 2026 rose to 3.3%, up from 2.4% in February, driven by energy price jumps. The markets interpreted the data as slightly easing inflation pressure, which would indicate a higher probability of the US Federal Reserve rate cuts. In this case, crypto behaves like a liquidity-sensitive risk asset. However, it’s very important to note that rate cuts are not imminent, and that markets still largely expect higher-for-longer rates. High rates lead to tighter liquidity.

War tensions continue

The escalating tensions between the US/Israel and Iran weakened the bullish momentum. The rising fear of disruption, particularly related to the Strait of Hormuz, resulted in a late-week pullback across BTC, ETH, and altcoins. Moreover, investors rotated out of risk assets, which include crypto.

ETFs post inflows 

Exchange-traded funds (ETFs) are both a key market driver and an indicator of its direction. When it comes to BTC spot ETFs, the majority of the past week posted inflows, the highest among these being $471.32 million on Monday, April 6.

It posted two consecutive days of outflows mid-week, the highest of which is Tuesday’s $159.05 million. It’s nonetheless a notable shift from the week prior, which was largely red. Moreover, over the past three weeks (May 23 – April 13), the US BTC sport ETFs posted five days of positive and four days of negative flows.

ETH spot ETFs also recorded inflows over the past week, the highest of which was $120.24 million on Monday.

Events to watch

Crypto is currently stuck in a liquidity-driven range.  Markets are quite sensitive to macro surprises, so any unexpected data or geopolitical escalation would lead to outsized moves and affect decisions to buy crypto. These are the key points to watch.

• Macro data: top priority

The Consumer Price Index (CPI) for March was released on April 10, but the Producer Price Index (PPI), a key inflation measure, will be released on April 14. Investors expect market volatility around these times, especially as the PPI often signals future consumer-level pressures.

Markets are watching the CPI/PPI-related follow-through reactions, retail sales (showing consumer strength), jobless claims (to see if labor market is cooling), and speeches from Jerome Powell and other Fed officials that would indicate a hawkish or dovish shift in tone. Overall, strong data means hawkish Fed and bearish crypto, while weak data would signal that rate cuts are back on table, leading to a bullish crypto market.

• Geopolitics: Iran and Ukraine wars

Any escalation involving Iran, the US, or Israel could impact markets considerably. A massive factor to look out for is the oil supply disruption risks, particularly related to the Strait of Hormuz. This could affect investors desire to buy crypto.

The Ukraine-Russia war is a less reactive factor than before, but it is still very much capable of triggering short-term volatility spikes, especially in the case of major escalations or signals of NATO involvement.

• Options expiry

The next major Bitcoin and Ethereum options expiry is on Friday, April 24, and the market is already preparing for it. Large BTC/ETH options expiry can trigger volatility as market makers hedge positions, and they can easily pin price to certain levels.

• Spot Bitcoin ETF flows

This is still one of the strongest real demand signals.

Is it a good time to buy crypto right now?

Based on what we’ve seen above, this is still a good time to buy crypto. While no longer falling, the market is not yet confident enough to commence a strong rally. A sideway movement is common during a wait-and-see period such as this one, but a breakout, being up or down, still largely depends on BTC movements, macro news, and liquidity flows.

So the market is range-bound, but the consolidation could allow it to position itself for another leg up. Investors are still highly cautious, but they’re not in panic mode, while the aggressive selling stopped and the buying resumed. As we’re seeing signals for bottoming and a potential recovery forming, this could be a good time to get some coins.

Disclaimer: This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile and involve significant risk. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Never invest more than you can afford to lose.