{"id":424550,"date":"2026-04-16T07:35:29","date_gmt":"2026-04-16T02:05:29","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-stalls-below-75000-amid-geopolitical-fog-and-tax-day-selling-crypto-news\/"},"modified":"2026-04-16T08:56:12","modified_gmt":"2026-04-16T03:26:12","slug":"bitcoin-stalls-below-75000-amid-geopolitical-fog-and-tax-day-selling-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-stalls-below-75000-amid-geopolitical-fog-and-tax-day-selling-crypto-news\/","title":{"rendered":"Bitcoin Stalls Below $75,000 amid Geopolitical Fog and Tax-Day Selling – Crypto News"},"content":{"rendered":"

<\/p>\n

ETH, SOL, and major altcoins are marginally higher on the day.<\/p>\n

\n

Bitcoin traded around $74,700 on Wednesday, consolidating just below the psychologically significant $75,000 level after retreating from a brief touch above $76,000 earlier this week. <\/p>\n

Ethereum changed hands near $2,360, up roughly 2% on the day, while Solana rose to $85 and XRP climbed to $1.39, according to CoinGecko.<\/p>\n

BTC Chart<\/figcaption><\/figure>\n

Among the Top 100 digital assets, DeFi lending protocols Aave and Morpho are today\u2019s top gainers, up 8% and 7%, respectively.<\/p>\n

Meanwhile, RaveDAO is the biggest loser after losing a quarter of its value overnight.<\/p>\n

The total crypto market cap stands at $2.61 trillion with 24-hour trading volume near $97 billion. Bitcoin dominance is steady at 57.2%, with Ethereum dominance at 10.9%, per CoinGecko.<\/p>\n

ETF Flows Whipsaw<\/h2>\n

U.S. spot Bitcoin ETFs posted $411.5 million in net inflows on Tuesday, according to SoSoValue data, the second-largest daily inflow day in April and enough to push 2026 year-to-date net flows back into positive territory. Total spot Bitcoin ETF assets under management surged above $96.5 billion.<\/p>\n

BlackRock’s IBIT led with approximately $214 million, extending its inflow streak to five consecutive days totaling around $696 million. <\/p>\n

The Tuesday inflows marked a sharp reversal from the previous day, when spot Bitcoin ETFs recorded $325.8 million in net outflows, underscoring the tug-of-war between institutional demand and profit-taking in a range-bound market.<\/p>\n

Resistance at $75K<\/h2>\n

Bitcoin has struggled to sustain a break above $75,000, briefly piercing that level yesterday before pulling back to the low $74,000s. Since the onset of the U.S.-Iran conflict, BTC is up roughly 12%, benefiting from its perception as an apolitical store of value, but the rally has stalled at overhead resistance.<\/p>\n

The geopolitical backdrop remains the dominant macro variable. Iran’s acceptance of Bitcoin as payment for Strait of Hormuz transit tolls, as confirmed by a spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, continues to ripple through markets.<\/p>\n

Bitwise CIO Matt Hougan argued<\/a> this week that Iran’s use of Bitcoin in sovereign trade positions it to eventually challenge gold’s $34 trillion market cap.<\/p>\n

Three near-term catalysts could determine whether Bitcoin breaks higher or retests the $70,000 support zone: the April 15 tax deadline, the Iran ceasefire expiry on April 22, and the FOMC meeting on April 28\u201329.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

ETH, SOL, and major altcoins are marginally higher on the day. Bitcoin traded around $74,700 on Wednesday, consolidating just below the psychologically significant $75,000 level after retreating from a brief touch above $76,000 earlier this week. Ethereum changed hands near $2,360, up roughly 2% on the day, while Solana rose to $85 and XRP climbed […]<\/p>\n","protected":false},"author":2,"featured_media":424559,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-424550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=424550"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424550\/revisions"}],"predecessor-version":[{"id":424560,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424550\/revisions\/424560"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/424559"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=424550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=424550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=424550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}