Bitcoin is defending the $71,000 level, and Ethereum is testing $2,200. Traditional finance is driving the crypto market

The past week on the cryptocurrency market was marked by stable growth and a clear bullish trend, although investors still have to deal with volatility. The latest BingX market report shows that the current valuations are caused not only by capital from the crypto market, but primarily by the systematic inflow of funds from the traditional finance sector (TradFi). In addition, there is the unwavering dominance of stablecoins, whose capitalization broke the $300 billion barrier at the beginning of 2026.

Bitcoin in a stable upward trend. Defending the $71,000 level

Bitcoin (BTC) recorded a certain upward march last week, which is interpreted by many analysts as confirmation of the bullish trend. However, it is worth remembering that there are sharp fluctuations in the market every day, which require increased vigilance from traders.

Over the past week, the price of the largest cryptocurrency climbed from around USD 66,500 to test a local peak around $72,700.

Currently (as of April 13, 2026) Bitcoin consolidates in the range of $71,000 – $71,500.

From a technical point of view, the key moment was the jump from around USD 69,000, which regained the previous trading range and led to the liquidation of short positions. A clear increase in trading volume on April 6 – 8 confirms that this move was supported by real market involvement and not just the effect of low liquidity during the weekend. As long as the price remains above the breakout zone ($69,000 – $70,000), the long-term trend remains up.

Ethereum rate – L2 scaling brings results

During the analyzed period, Ethereum (ETH) showed higher growth dynamics than Bitcoin.

The ETH price rose from USD 2,050 at the end of last week, reaching the ceiling at its peak $2,270.

At the beginning of this week, the valuation stabilized at around $2,190 – $2,200which confirms that the vast majority of profits have been maintained.

The main driving force for Ethereum turned out to be increased inflows into spot ETF funds and investors’ focus on upcoming network updates. On the derivatives market, investors are positioning themselves for further increases, while expecting higher volatility.

From an on-chain data perspective, Layer 2 networks are currently processing tens of millions of transactions per weektaking over the main burden of activity in the Ethereum ecosystem. This proves that price speculation goes hand in hand with real use of technology and effective progress in scaling.

Stablecoins exceed USD 300 billion in capitalization. This is the foundation of DeFi

Dollar-based stablecoins remain the main source of liquidity in the market and a key entry point – both for domestic cryptocurrency investors and institutions from the TradFi sector.

Updated data from the first quarter of 2026 indicate that the total capitalization of the stablecoin market has exceeded the historical barrier of $300 billion. Their annual transaction volumes (reaching over $33 trillion in 2025) already significantly exceed the throughput of traditional payments giants such as Visa.

Thanks to these assets, DeFi platforms offering yield products are slowly becoming regulated and basic financial products, abandoning the label of risky experiments. They make it easier for users from the traditional financial sector to use blockchain strategies without having to directly integrate with the on-chain architecture.

The merger of TradFi and cryptocurrencies is accelerating. Wall Street shopping

The convergence of the cryptocurrency market with traditional finance is gaining unprecedented speed. The BingX report distinguishes three main pillars of this phenomenon:

Spot ETFs for BTC and ETH: These products have become a key investment channel for traditional capital. This year’s consistent inflows show that ETPs act as a market “stabilizer,” eager to purchase assets during local declines.

Institutional use of stablecoins: Global banks and payment giants (including JPMorgan, HSBC, Stripe) are intensifying the implementation of services based on digital assets.

Tokenization of real world assets (RWA): It is the fastest growing bridge between the crypto market and Wall Street.

In addition, the regulatory framework coming into force – such as MiCA directive in Europe – cause the cryptocurrency market to be treated today as a legitimate, main area of economic growth.

For analysts and traders, the conclusion is clear: the current price movements of Bitcoin and Ethereum are driven much more by flows from regulated markets and stablecoin settlements than by speculative crypto-native capital. Understanding these dynamics is key to properly interpreting market volatility in 2026.

Legal Disclaimer: The information contained in this article is for educational and informational purposes only. It does not constitute investment, financial or legal advice. Investing in cryptocurrencies carries a high risk of capital loss due to significant market volatility. Always do your own research (DYOR) and when in doubt, consult a licensed financial advisor before making any investment decisions. BingX and the portal’s editorial staff are not responsible for any losses resulting from actions taken on the basis of the above information.