Bitcoin hits $76,000 before easing to $74,500 as whales accumulate, profit booking caps rally
Synopsis
Bitcoin hovered near a one-month high after softer U.S. PPI data supported prices, though profit booking capped gains. Ethereum and major altcoins saw mild declines. Analysts highlighted strong whale accumulation and improving sentiment, with expectations of a sustained uptrend if key resistance levels are breached amid easing macroeconomic and geopolitical concerns.
Bitcoin touched a one-month high of $76,000 before pulling back to around $74,500 on Wednesday, supported by softer U.S. PPI data. The cryptocurrency was trading at $74,334 mark after slipping less than 1% in the past 24 hours.
In the past 24 hours, Ethereum went down 1.41% to trade at $2,330 mark. Among the major altcoins, BNB, XRP, Solana, Dogecoin, Hyperliquid, and Cardano were down up to 2.54%, whereas Tron was up 1.02%. The global crypto market capitalisation went down 0.21% to $2.52 trillion, according to .
Also Read | Gold, silver ETFs rally up to 9% as US-Iran peace hopes and falling oil lift sentiment. What should investors do?
Akshat Siddhant, Lead Quant Analyst, Mudrex, said softer US PPI data supported the recent move, but the retracement suggests investors are still using rallies to take profits. While retail participation remains cautious, on-chain data shows strong accumulation from whales, with large wallets adding 27,652 BTC in a single day.
Crypto TrackerTOP COINS (₹) BNB57,358 (0.23%)Tether93 (0.12%)Bitcoin6,907,446 (-0.41%)XRP127 (-0.59%)Ethereum216,469 (-1.76%)
Siddhant further said that this buying pressure could help in a sustained uptrend, pushing BTC above the $76,000 resistance, with support now standing at $72,800.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details »
Live Events
Ethereum and Bitcoin were up 3.85% each in the past week. Among the major altcoins, BNB, XRP, Solana, Dogecoin, and Cardano slipped up to 8.58%, whereas Tron and Hyperliquid were up 2.43% and 13.12%, respectively.
CoinSwitch Markets Desk said BTC finally broke through the $73K ceiling, pushing above $75K, its highest print since the Iran war began in late February, and the trigger was Trump signalling openness to fresh Tehran talks, which knocked Brent back to $98 and wiped out the S&P’s entire war drawdown.
Here is what other analysts say
CoinDCX Research Team: Bitcoin ETFs see a $291 million outflow as Ether gains $9 million, while $500 million in shorts were liquidated as the BTC price tested $76,000.
Also Read | Should you worry while investing in mutual fund with highest AUM? Expert suggests SIP tweak and strategy
Vikram Subburaj, CEO, Giottus: Bitcoin traded around $74,560 on April 15, 2026. After regaining stability following the previous session’s macro-driven rebound. The move came as risk appetite improved. Crude oil prices pulled back, and hopes of de-escalation in the Middle East returned.
WazirX Market’s Desk: Bitcoin is trading near $74,300, maintaining a positive bias and holding above key moving averages. A strong 24-hour move has pushed it back towards the $74K–$75K range, reflecting improving sentiment and steady buying interest. Momentum remains supportive despite mixed signals. At the broader level, market momentum is being reinforced by institutional activity, highlighted by Strategy’s $1B Bitcoin acquisition, which has contributed to higher trading volumes across the market.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in along with your age, risk profile, and twitter handle.
