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Bitcoin is “coming back to life” after a prolonged slump: how much the coin is worth now
Trump’s statement that the war is expected to end within 2–3 weeks sparked a rise in risk assets.
On Wednesday, April 1, Bitcoin continued to grow after it gained for the first time in five months in March. Along with other risk assets, it was supported by U.S. President Donald Trump’s statements about his intention to end the war with Iran in the coming weeks.
As Bloomberg writes, the largest cryptocurrency rose by 1.5% in early European trading to about $69,000 as of 10:00 Kyiv time. Ether, the second-largest cryptocurrency by market capitalization, was holding above $2,100.
In March, Bitcoin gained 2.2%—its first monthly increase since September. This fueled optimism that digital assets could be emerging from the so-called “crypto winter” that began after the price crash in October 2025. Trump’s statement about the expected end of the war within two to three weeks led to a rise in risk assets, including stocks, even though the important Strait of Hormuz remains closed.
Bitwise Asset Management research head Ryan Rasmussen believes that after geopolitical and macroeconomic risks eased, long-term growth factors—particularly institutional recognition and greater regulatory certainty—could push Bitcoin to new all-time highs.
He also noted that the positive price trend in March after five months of decline indicates a gradual return of investors’ interest and may mean that Bitcoin is approaching an exit from the “crypto winter.”
It is reported that Bitcoin was supported by net inflows of $1.2 billion into U.S. exchange-traded funds (ETF) in March—this brought an end to a four-month period of outflows.
Overall, last month the crypto asset remained stable, even amid declines in stocks and gold on inflation concerns due to a sharp rise in energy prices. At the same time, Bitcoin is still about 45% below its historical peak of more than $126,000.
Tokenize Capital managing partner Ryan Rasmussen believes that in April volatility will return to the cryptocurrency market, even if it initially rises on news of a possible end to the war.
“An impression will be created that good times have returned. At the same time, our baseline scenario is further decline through the end of the year due to supply chain disruptions that can’t be fixed quickly, a high level of household debt, tension in the private lending sector, and other ‘black swan’ events that, in our view, the market has not yet priced in,” he said.