Crypto Market 13 – 19 April 2026: Market Analysis and Performance
The crypto market reacts almost instantly to any change in international conflicts, especially in the US-Iran conflict. This week, the temporary opening of the Ormuz Strait sent most cryptocurrencies soaring overnight. Some crypto assets even recorded double-digit value boosts. Since then, the strait has once again been blockaded. However, the crypto market’s inertia persists, as most cryptos are still trading in the green. Meanwhile, the overall market capitalization increased by about $150 billion.
Bitcoin started the week trading at around $71,000. The world’s most popular cryptocurrency reacted positively to news of the Ormuz Strait reopening and climbed as high as $78,500 mid-week. However, the surge did not last long enough to push BTC past the $80K resistance level. Fortunately, the subsequent drop was not significant, and BTC settled at around $75,600.
Ethereum increased by nearly 6% over the past seven days. The second crypto in command continues to grow steadily, hoping to cement its position above the $2,000 threshold. Currently, ETH is trading at around $2,300 and is slowly ascending.
Altcoins & DeFi
Most altcoins are trading in the green, without any notable exceptions. For example, XRP is up 8%, Solana is up 4%, Cardano is up 3%, Avalanche is up 2%, Sui is up 5%, Chainlink is up 5%, and TRON is up 3%. Elsewhere, Zcash is down over 10%.
The memecoins also saw some interesting trajectories. For instance, Dogecoin is up 4%, Shiba Inu is down 4%, and Pepecoin is up 8%.
The Metaverse sector has also seen notable movements in the past week. For instance, Axie Infinity is up 2%, The Sandbox is up 6%, and Floki is up 12%. Meanwhile, Decentraland is up 6%, Render is down 6%, and ApeCoin is up 18%. MultiversX increased by 11% and Virtuals by 8%. Meanwhile, Stacks increased by 6%.
The DeFi sector saw total value locked in protocols (TVL) decrease by over $4.7 billion, to about $90.06 billion.
Crypto Market Analysis – What’s in the News?
The liquid restaking protocol KelpDAO has fallen victim to a major hack in which the perpetrators drained nearly $300 million. This is the biggest hacker attack of 2026 so far.
Next Week’s Crypto Market Forecast
The crypto market is gradually recovering from recent losses. News of a potential armistice between the US and Iran temporarily rejuvenated most financial markets. However, it is still too early to say how the crypto market will move forward from here. The back-and-forth in the long-drawn-out military conflict can tip the scales either way for the crypto sector and beyond.
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