Cryptocurrencies join Bitcoin in driving gains on Sunday The US trading session was quiet after Easter, with prices rising above $70,000.
Major stock averages were slightly higher ahead of President Trump’s ultimatum to Iran on Tuesday to open the Strait of Hormuz. Just after noon on the East Coast, the Nasdaq was up 0.45% and the S&P 500 was up 0.3%.
Bitcoin is up nearly 4% in the past 24 hours, with Ethereum, XRP and Solana also seeing similar gains.
When Bitcoin plummeted to $60,000 in early February, contrarian Bitcoin bulls first held out hope that a bottom was forming as the adamantly non-coin-holding Financial Times prevailed.
Bulls may have been even happier with several other bottoming signals over the past weekend. First up was news late Friday that Jeff Park would be resigning as chief investment officer of ProCap Financial ( BRR ). ProCap, led by Anthony Pompliano, was one of the hastily launched Bitcoin finance companies in 2025 with the goal of riding the BTC bull market and replicating the success of Michael Saylor’s strategy.
Like other stocks in 2025 – among them David Bailey’s Nakamoto (NAKA) and Jack Mallers’ Twenty One Capital (XXI) – ProCap stock has been struggling, performing much worse for shareholders than Bitcoin itself.
The second is high-profile long-term bull Willy Woo, who says Bitcoin could trade sideways for the next 8 to 12 years before eventually entering a major bull market.
Other signals from the past few weeks: Bitcoin miner MARA Holdings sold more than 15,000 Bitcoins, peer Riot Platforms sold 3,778 Bitcoins produced in March, and the aforementioned Satoshi Nakamoto sold some of his Bitcoins.
Whether a true bottom has arrived remains to be seen, but signs of a bottom continue to grow.
