Weekly market overview 👀

The week remained tense, with no clear direction across the market. Bitcoin continued to fluctuate under pressure from geopolitics (Iran, oil) and hawkish rhetoric.

👉 Market overview:

  • total market cap hovered around $2.4–2.5T
  • Fear & Greed Index stayed in deep Extreme Fear (11–14)
  • Ethereum and Solana remained under pressure after recent events

👉 Hacks & security:

  • Drift Protocol (Solana) hack (~$285M) continues to impact the market
  • DRIFT token dropped sharply, TVL declined by over 50%
  • possible involvement of the Lazarus Group is being discussed
  • Hyperbridge cross-chain bridge was also exploited this week
  • attack involved key compromise and oracle manipulation
  • the exact damage is still being assessed

👉 Institutional flows:

  • MicroStrategy continued aggressive Bitcoin accumulation
  • spot BTC ETFs (BlackRock, Fidelity, etc.) showed steady inflows
  • institutions appear to view the dip as an opportunity
  • overall interest in crypto ETFs remains strong

👉 Macro & politics:

  • geopolitics (Iran, Strait of Hormuz, oil) remains the key driver
  • market reacts quickly to any headlines from the region
  • Trump’s rhetoric stays pro-crypto, but focus is currently on macro and energy
  • upcoming FOMC and inflation data are key events ahead

The week was difficult: major hacks, geopolitical pressure, and lack of strong positive catalysts.

The key positive signal — institutional buying via ETFs continues despite the uncertainty.

17.04.2026, 10:22
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