Crypto Radar — April 23, 2026: BTC Rises to $78.0K

Crypto Radar — 04/23/2026

Bitcoin tested US$ 78,037 on Thursday (04/23), remaining virtually stable over the last 24 hours. While the crypto market navigated between fear and neutrality with an index of 46/100, altcoins showed signs of weakness, especially Ethereum which lost 2% and closed at US$ 2,350.

Global volume of US$ 145.31 billion confirms stability in trading, but not excitement. With Bitcoin dominance at 60.1%, the king of cryptos continues concentrating flow while altcoins struggle to find direction.

Market Overview

The crypto market of US$ 2.60 trillion is in a peculiar phase: neither euphoria nor total despair. Bitcoin accumulated 4% in 7 days, but Ethereum lost ground with -0.3% in the same period. This divergence between BTC and ETH has been the rule, not the exception, in recent weeks.

The current dynamic resembles those moments when the market is "buying time", waiting for a catalyst to define direction. With Bitcoin RSI at 67, close to the overbought zone, any sharp movement can encounter technical resistance.

Bitcoin: Consolidation Above $78k

Bitcoin maintains interesting technical structure. Price above the 20 and 50 period moving averages, indicating uptrend in the short term, but still 17.1% below the SMA200 at US$ 85,656. This distance reveals that the macro structure remains bearish.

With RSI at 67, Bitcoin is close to the historical overbought zone of 70. Weekly resistance at US$ 78,195 has been tested multiple times. If there's no volume to break this level, the probability of a technical correction increases.

Nearest support is at US$ 73,856 (7 days), but the real test would be US$ 65,970 (30 days). Between these two levels, Bitcoin has room to breathe.

Ethereum: Relative Weakness Continues

Ethereum is technically weaker than Bitcoin. RSI at 59.6 shows neutrality, but the distance of 23.1% from SMA200 at US$ 2,813 evidences a more pronounced bearish structure than BTC.

According to CoinTelegraph, Ether taker volume rose 72% with traders targeting liquidity gap at US$ 2,600. This movement suggests that operators are positioned for moves above the US$ 2,421 resistance level.

The question is: does ETH have the strength to break this barrier? With dominance at only 10.9% and negative weekly performance, Ethereum needs more than technical hope.

Today's Movements

Among the biggest gainers, JST led with +5.5%, followed by PENGU (+5.3%) and STABLE (+2.3%). On the other side, 币安人生 plummeted -23.6%, while ENA (-7.0%) and EDGE (-5.8%) also suffered significant corrections.

This performance dispersion shows a selective market. It's not a generalized upward or downward movement, but rotation among specific assets.

Stablecoin Rates

Macro and Regulatory Context

While American banks request more time to implement the GENIUS Act, Brazil and the European Union accelerate stablecoin regulation. This different regulatory speed can create competitive advantages for emerging markets.

The Zondacrypto case in Poland, with €82 million missing and 4,500 BTC frozen, reinforces the importance of regulated exchanges. Tesla reported a loss of US$ 173 million in digital assets, maintaining its position unchanged in Bitcoin.

Institutional Analysis

GSR launched the first ETF tracking Bitcoin, Ether and Solana simultaneously, signaling institutional demand for diversified crypto exposure. This movement could catalyze flows to first-tier altcoins.

Arbitrum froze US$ 71 million from the Kelp hacker, proving that "decentralization" still has a pause button when necessary. Pragmatism defeating ideological purism.

Also read on ON3X: "Arbitrum Freezes $71 Million from Kelp Hacker: The Day 'Decentralization' Had to Admit It Has a Pause Button"

What to Watch Tomorrow

• Bitcoin testing US$ 78,195 resistance with RSI close to 70
• Ethereum volume after 72% rise in takers — continuation or emptying?
• Altcoins behavior if Bitcoin corrects technically
• Impact of American vs. European regulations on sentiment
• Flows to multi-crypto ETFs after GSR launch