Market recap: what happened in crypto over the weekend 👀

The weekend was marked by geopolitical tension and low liquidity due to holidays. The market reacted closely to developments related to Iran.

👉 Politics:

  • talks of a potential 45-day ceasefire with reopening of the Strait of Hormuz
  • the U.S. set a strict deadline on the situation
  • Iran rejected temporary terms and warned of a strong response
  • oil showed sharp moves (above $100 during escalation moments)

👉 Price action:

  • BTC ranged between $66k–$69k
  • local move up to ~$69k on de-escalation expectations
  • dips to ~$65k–$66k on negative headlines
  • total market cap briefly moved above $2.5T
  • trading volumes remained low due to the holiday period

👉 Major incident:

  • continued discussion around the Drift Protocol hack (~$280–285M)
  • one of the largest exploits of 2026
  • attack involved social engineering
  • TVL dropped by more than 50%
  • possible involvement of the Lazarus Group is being discussed

👉 Other highlights:

  • XRP showed relative strength (up to +10%)
  • potential progress of the CLARITY Act is being discussed
  • tokenized RWA sector continues to grow (~$27.6B)
  • market sentiment remains cautious
  • Bitcoin dominance stays high

👉 What’s next:

  • de-escalation → lower oil → positive for crypto
  • escalation → higher oil → pressure on risk assets

Despite a relatively quiet weekend, geopolitics remains the key market driver.

07.04.2026, 11:37
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