Crypto Market Retreats Into Range as Investors Shift to Safe Havens

BTC tests 61.8% retracement, Solana faces selling pressure, and Bitcoin ETF inflows hit 6-week high

Apr. 13, 2026 at 7:38am

Got story updates? Submit your updates here. ›

An extreme close-up of intricate, metallic banking machinery and mechanisms, conveying a sense of financial security and institutional power without the use of literal currency or symbols.The crypto market's retreat into a range reflects broader economic uncertainty, with investors seeking safer assets amid geopolitical tensions.NYC Today

The crypto market fell 2.3% to $2.42 trillion, with Bitcoin retreating from $73,000 to $71,000 and Solana facing selling pressure near the $80 support level. Meanwhile, inflows into US spot Bitcoin ETFs have reached their highest level in the past six weeks, and activity on the Ethereum network has approached February's record high.

Why it matters

The crypto market's retreat into a range reflects the broader shift towards safe-haven assets amid geopolitical developments, particularly the situation in Iran. This volatility highlights the ongoing challenges facing the crypto market and the need for investors to closely monitor the market's performance and underlying trends.

The details

The crypto market, with a market capitalization of $2.42 trillion, is 2% higher than a week ago but has lost 2.3% over the past 24 hours, as investors shift towards safe-haven assets amid developments in Iran. Bitcoin has retreated from above $73,000 to around $71,000, marking the third pullback from the upper boundary of the consolidation range, which corresponds to 61.8% of the downward move seen at the start of the year. Solana, on the other hand, has faced prolonged selling pressure, with the 50-day moving average acting as active resistance since the end of March. The coin remains above the $80 signal level, but its prolonged stay near long-term support indicates relentless selling pressure and suggests that support may soon break.

  • The crypto market fell 2.3% to $2.42 trillion over the past 24 hours.
  • Bitcoin retreated from above $73,000 to around $71,000 in the latest pullback.
  • Solana has faced selling pressure near the $80 support level since the end of March.

The players

Bitcoin (BTC)

The leading cryptocurrency, which has retreated from above $73,000 to around $71,000 in the latest pullback.

Solana (SOL)

The cryptocurrency that has faced prolonged selling pressure, with the 50-day moving average acting as active resistance since the end of March.

US Spot Bitcoin ETFs

Inflows into these ETFs have reached their highest level in the past six weeks, according to SoSoValue.

Ethereum (ETH)

Inflows into spot Ethereum ETFs have also resumed, totalling $187.1 million.

BitMine

The largest mining company holding Ethereum on its balance sheet, whose shares have begun trading on the New York Stock Exchange (NYSE).

Got photos? Submit your photos here. ›

What they’re saying

“Bitcoin and Ethereum are close to levels that signal a trend reversal.”

— Jordi Visser, Macro Analyst

“Activity on the Ethereum network has approached February's record high, a bullish signal amid ETH consolidation.”

— CryptoOnchain, Analyst

“The listing is an important milestone for the company.”

— Tom Lee, CEO, BitMine

What’s next

Investors will be closely monitoring the performance of Bitcoin, Ethereum, and other major cryptocurrencies to see if they can break above key resistance levels and consolidate an upward trend. The regulatory changes in Japan and the continued inflows into crypto ETFs will also be closely watched for their impact on the market.

The takeaway

The crypto market's retreat into a range amid geopolitical tensions highlights the ongoing volatility and the need for investors to carefully assess the market's performance and underlying trends. While the long-term outlook for cryptocurrencies remains positive, the short-term challenges posed by macroeconomic factors and regulatory changes will continue to shape the market's trajectory.