Bitcoin held above $72,000 on Thursday, consolidating near its highest levels in three weeks as crypto markets digested a fragile ceasefire between the United States and Iran.<\/p>\n
BTC was changing hands at $72,285, up 1.5% over the past 24 hours and 8% on the week, according to CoinGecko. Ethereum rose 0.6% to $2,210, also up 7.2% over the past seven days. XRP gained 0.6% to $1.36, BNB edged up 0.2% to $607.25, and Solana climbed 2% to $84, bringing its weekly gains to 6.6%.<\/p>\n The gains followed a sharp ceasefire-driven short squeeze<\/a> that sent BTC to its highest level since mid-March. <\/p>\n President Donald Trump said on Truth Social Thursday that all U.S. military assets would remain in place around Iran until the ceasefire is “fully complied with,” warning that failure could lead to renewed conflict. Meanwhile, Iran continued to restrict traffic in the Strait of Hormuz and proposed a $1-per-barrel fee on transiting oil, drawing criticism from the EU and the United States.<\/p>\n Total crypto market capitalization stood at approximately $2.53 trillion, per CoinGecko, up from $2.43 trillion at the start of the week.<\/p>\n Morgan Stanley’s spot Bitcoin ETF, MSBT, kicked off trading as expected on Wednesday<\/a> on NYSE Arca. The fund saw $30.6 million in net inflows on its first day.<\/p>\n The fund carries a 0.14% expense ratio, the lowest in the U.S. spot Bitcoin ETF market, undercutting BlackRock’s IBIT at 0.25% and Grayscale’s Bitcoin Mini Trust at 0.15%. Bloomberg <\/p>\n Despite MSBT’s strong debut, the broader U.S. spot BTC ETF complex saw $124 million in net outflows on Wednesday, excluding MSBT, per SoSoValue. Total AUM across U.S. spot Bitcoin ETFs stood at $91.9 billion, or about 6.43% of Bitcoin’s overall market cap.<\/p>\n The outflows followed a $471 million single-day inflow on April 6, when spot Bitcoin ETFs recorded their strongest daily inflows since February<\/a>, despite ongoing geopolitical tensions<\/p>\n Zcash was the standout performer this week. ZEC surged another 15% to $371 on Thursday, leading the broader market. The token has gained over 65% in the past 30 days, fueled by a risk-on rotation, a pending decision on the Grayscale spot ZEC ETF, and Foundry’s institutional mining pool launch.<\/p>\nMorgan Stanley’s MSBT Debuts<\/h2>\n
ZEC Leads Altcoins<\/h2>\n
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