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Crypto World

Bitcoin (BTC) price has room to rally, but there’s a catch: Crypto Daybook Americas

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CD20

By Omkar Godbole (All times ET unless indicated otherwise)

It’s risk-on again for markets after a Reuters report suggested a ceasefire plan between the U.S. and Iran could come into effect on Monday, potentially reopening the Strait of Hormuz.

Bitcoin has climbed over 4% over 24 hours to nearly $70,000, lifting sentiment across the broader market. The CoinDesk 20 Index and XRP (XRP) also added 4%, while ether (ETH) jumped over 5%, alongside a 3% gain in solana (SOL).

The tone is reinforced by bullish signals in the futures market, a continued decline in bitcoin’s 30-day implied volatility index, and a 0.8% gain in Nasdaq 100 futures.

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Meanwhile, Michael Saylor, founder of Strategy — the world’s largest publicly listed bitcoin holder — hinted at another BTC purchase. The company already holds 762,099 BTC, underscoring its dominant reserve position and long-term accumulation strategy. The Organization of the Petroleum Exporting Countries (OPEC) agreed to increase oil output quotas by 206,000 barrels per day for May, a symbolic effort to relieve energy market stress.

Together, these point to potential for further upside in crypto.

But there’s a caveat. Recent ceasefire headlines citing unidentified sources have proven unreliable, often being debunked or outright rejected by Iran. If that pattern repeats, markets could quickly reverse course.

Another key question is whether any U.S.-Iran ceasefire would be binding on Israel. If not, the current risk-on sentiment may prove short-lived.

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Notably, the latest ceasefire push is being described as a last-ditch effort to prevent the “massive strikes on Iranian civilian infrastructure,” President Donald Trump threatened over the weekend.

Meanwhile, the oil market continues to inject inflationary pressure into the global economy. Earlier today, Bloomberg reported that Saudi Arabia raised the price of its Arab Light crude for Asia-bound shipments in May to a record-high premium over Middle Eastern benchmarks.

Some observers warned that oil prices are nearing a danger zone. The 12-month rate of change in oil stands at 92%. Historically, a move to 100% has coincided with stock market collapses. Stay alert!

Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets Today

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What to Watch

For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead“.

  • Crypto
    • April 6, 12 p.m.: DeFi Dev Corp. (DFDV) to host a March 2026 recap and Ask Me Anything (AMA) session on X Spaces.
  • Macro
    • April 6, 09:00 a.m.: U.S. ISM Services PMI for March est. 55 (Prev. 56.1)
  • Earnings (Estimates based on FactSet data)

Token Events

For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead“.

  • Governance votes & calls
    • Aave DAO is voting to adjust oracle configurations, reduce liquidation thresholds, and modify interest-rate models across its V2 markets to support their continued deprecation. Voting ends April 6.
    • Decentraland DAO is voting to require the DAO Council and Regenesis Labs to formally publish a 2030 definition of success and contingency plan. The proposal currently has support from voters. Voting ends April 6.
  • Unlocks
    • April 6: Hyperliquid (HYPE) to unlock 0.14% of its circulating supply worth $11.94 million.
  • Token Launches

Conferences

For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead“.

Market Movements

  • BTC is up 3.56% from 4 p.m. ET Friday at $69,805.19 (24hrs: +4.23%)
  • ETH is up 4.34% at $2,154.80 (24hrs: +5.42%)
  • CoinDesk 20 is up 3.78% at 1,977.26 (24hrs: +4.06%)
  • Ether CESR Composite Staking Rate is unchanged at 2.69%
  • BTC funding rate is at 0.0058% (6.3400% annualized) on Binance
CD20
  • DXY is down 0.11% at 99.91
  • Gold futures are up 1.60% at $4,726.10
  • Silver futures are up 1.00% at $73.46
  • Nikkei 225 closed up 0.55% at 53,413.68
  • Hang Seng closed down 0.70% at 25,116.53
  • FTSE 100 closed on Thursday up 0.69% at 10,436.30
  • Euro Stoxx 50 closed down 0.70% at 5,692.86
  • DJIA closed down 0.13% at 46,504.67
  • S&P 500 closed up 0.11% at 6,582.69
  • Nasdaq Composite closed up 0.18% at 21,879.18
  • S&P/TSX Composite closed up 0.46% at 33,108.20
  • S&P 40 Latin America closed up 4.26% at 3,623.86
  • U.S. 10-Year Treasury rate is down 1 bps at 4.31%
  • E-mini S&P 500 futures are unchanged at 6,644.00
  • E-mini Nasdaq-100 futures are unchanged at 24,370.25
  • E-mini Dow Jones Industrial Average futures are unchanged at 46,779.00

Bitcoin Stats

  • BTC Dominance: 59.02% (unchanged)
  • Ether to bitcoin ratio: 0.030877 (1.02%)
  • Hashrate (seven-day moving average): 954 EH/s
  • Hashprice (spot): $31.75
  • Total Fees: 1.61 BTC / $108,359
  • CME Futures Open Interest: 106,600 BTC
  • BTC priced in gold: 14.9 oz
  • BTC vs gold market cap: 4.66%

Technical Analysis

WTI oil price in the upper pane and the 12-month rate of change in the lower pane. (WTI oil's 12-month rate of change. (Jack Prandelli)
  • The chart shows swings in WTI oil’s price since 1986 in the upper pane. The lower pane shows the 12-month rate of change (ROC).
  • Historically, whenever the ROC rises to 100%, stock markets have collapsed. And now, the ROC is approaching that marker again.
  • “Every major market crash since 1987 was preceded by one signal,” Jack Prandelli, a commodity market analyst and author of the Substack-based Merchant’s News said on X.

Crypto Equities

  • Coinbase Global (COIN): closed on Friday at $171.46 (–0.88%), +3.80% at $177.97 in pre-market
  • Galaxy Digital (GLXY): closed at $17.64 (+1.55%), +2.44% at $18.07
  • MARA Holdings, Inc. (MARA): closed at $8.71 (+8.33%), +3.10% at $8.98
  • Riot Platforms, Inc. (RIOT): closed at $12.86 (+2.47%), +2.49% at $13.18
  • Core Scientific, Inc. (CORZ): closed at $16.23 (+6.08%), +1.79% at $16.52
  • CleanSpark, Inc. (CLSK): closed at $8.79 (+1.97%), +3.30% at $9.08
  • Exodus Movement, Inc. (EXOD): closed at $6.10 (–8.68%)
  • CoinShares Bitcoin Mining ETF (WGMI): closed at $35.76 (+2.58%)
  • Bullish (BLSH): closed at $36.37 (+3.71%), +2.06% at $37.12
  • Circle Internet Group (CRCL): closed at $90.26 (–0.53%), +4.20% at $94.05

Crypto Treasury Companies

  • Strategy (MSTR): closed at $119.83 (–2.40%), +4.04% at $124.67
  • SharpLink (SBET): closed at $6.19 (–4.18%), +4.52% at $6.47
  • Strive Asset Management (ASST): closed at $9.75 (–4.04%), +3.59% at $10.10
  • Upexi (UPXI): closed at $0.98 (–1.32%), +3.59% at $1.01
  • Lite Strategy (LITS): closed at $1.12 (–0.88%)

ETF Flows

Spot BTC ETFs

  • Daily net flows: $9 million
  • Cumulative net flows: $55.93 billion
  • Total BTC holdings ~1.29 million

Spot ETH ETFs

  • Daily net flows: -$71.2 million
  • Cumulative net flows: $11.51 billion
  • Total ETH holdings ~5.68 million

Source: Farside Investors

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Crypto World

Marc Andreessen Says AI Job Loss Fears Are “All Fake”

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Andreessen Horowitz, Bitcoin Mining, Cryptocurrency Exchange, AI, Jack Dorsey

Marc Andreessen said artificial intelligence will spark a “massive jobs boom,” dismissing fears of widespread job losses as “all fake” in a Sunday post on X.

His optimism contrasts with a March US jobs report showing unemployment holding steady at 4.3%, while the number of people unemployed for 27 weeks or more rose by 322,000 over the past year.

Andreesen shared a Business Insider report showing a sharp rise in tech job openings in 2026, with more than 67,000 software engineering roles, a twofold increase from 2023, and argued that employers had recovered from post-pandemic hiring corrections and the interest rate spike.

“The ‘AI job loss’ narratives are all fake,” he wrote. “AI = massive ramp in productivity = massive ramp in demand = massive jobs boom. Watch.”

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Andreessen is one of Silicon Valley’s most influential investors, a co-founder of Netscape and venture firm Andreessen Horowitz. He is also a major backer of US crypto and AI companies.

Job losses in tech pile up

On the ground, the reality is somewhat different. On Feb. 26, Jack Dorsey’s Block cut 40% of its staff as the company accelerated its use of AI, including experiments with agents to take over parts of middle management.

Related: Dorsey shares AI-integrated workplace vision weeks after Block’s 40% staff cut

On March 19, crypto exchange Crypto.com announced a 12% workforce reduction due to AI integrations, warning that companies “that do not make this pivot immediately will fail.”

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Andreessen Horowitz, Bitcoin Mining, Cryptocurrency Exchange, AI, Jack Dorsey
Crypto.com cuts 12% of its staff. Source: Kris Marszalek

AI-driven pivots by companies are also impacting employment.

Oracle reportedly cut up to 30,000 jobs recently, citing “broader organizational change,” as it pushes to build AI data centers.

MARA, which has been repurposing its Bitcoin mining infrastructure for AI, has reportedly reduced its staff by 15%.

Andreessen’s comments meet with skepticism

That backdrop helps explain the online backlash Andreessen received.

“Tell that to the average lower middle class American who can’t find a job or the consumer who can’t get decent customer service,” crypto influencer WendyO replied

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Tory Green, co-founder at io.net argued Andreessen could be proved right on net job creation, but only if AI tools are broadly accessible and not captured by a handful of platforms.

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