Bitcoin and Ethereum prices hovered at $66,552 and $1,998 respectively following a slight crypto market recovery amid rising geopolitical tensions and macroeconomic uncertainty. The total cryptocurrency market capitalization stood close to $2.36 trillion as consolidation continued.
President Donald Trump extended his deadline for Iran regarding the Strait of Hormuz by ten additional days, announcing the decision on Truth Social citing ongoing diplomatic discussions with Tehran. The extension delays potential strikes on Iranian energy infrastructure until April 6, 2026, with Trump indicating flexibility in his deadlines.
Institutional investment remained stable with net inflows in Ethereum products reaching $31.17 million, indicating persistent demand for digital asset exposure through conventional financial instruments. ETF flows typically reflect overall sentiment changes at the institutional level.
Near-term market outlook shows Bitcoin locked in a consolidation range between $60,000 support and $72,500 resistance during this corrective phase. A clear break below $60,000 may enhance bearishness, while a consistent close over $72,500 would indicate structural recovery. If sentiment improves, the long-term BTC projection could rally toward $75,000 in the near term.
