Peaceful vibes persist
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 17th April 2026.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
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What’s up
Ceasefire Upswing Keeps Momentum
Stocks broke more records on Thursday and were surging again this morning on hopes that an end to the war is imminent.
Bitcoin found its way above $76,000 at about 5:30 a.m. (EST) but ran into a wall of selling. By 7:30 a.m. (EST), BTC was back closer to $75K. Its incremental advance hasn’t gone unnoticed.
Futures activity is heating up, with volume and open interest rising, CoinDesk said. However, funding rates on BTC perpetual futures, a gauge of whether leveraged traders are betting on higher or lower prices, have been negative for about a month and a half. According to Bloomberg, it’s one of the longest bearish-leaning funding rate stretches ever, matching the streak from November to December of 2022 in the wake of FTX’s implosion.
“Traders are actively betting against a breakout, creating conditions where a short squeeze becomes more likely if upward momentum persists,” said Vetle Lunde, K33’s head of research.
Meanwhile, Dogecoin at last check was on the verge of reclaiming dime status. DOGE just before 8 a.m. (EST) was $0.099, per CoinGecko.
Signs of easing tensions in the Middle East — Israel and Lebanon agreed to stop fighting for ten days — has boosted crypto at large, leading some big acquirers back into the major memecoin market. Benzinga is touting evidence of some whale-sized buyers loading up the biggest dog-themed token.
Per CoinDesk, DOGE open interest (OI) is near a six-month high. Futures traders have amassed contracts tied to a total of 14 billion DOGE tokens.
What's down
Oil Futures Tumble But Clock On Genuine Supply Crisis Keeps Ticking
Oil prices are down on expectations that the U.S. and Iran could extend their ceasefire by another two weeks and potentially resume talks to end the conflict, ING analysts said.
As of this morning, West Texas Intermediary (WTI) futures had plunged 11% to hit $84 a barrel.
It's worth noting that the market for physical oil still turns worrisomely tighter by the day.
Even with overland pipelines playing a larger role in the region, and despite there now being a trickle of tanker traffic passing through the Strait of Hormuz, crude oil supply continues to be disrupted to the tune of some 13 million barrels per day, ING said.
What's next
A Tale Of 'Partial Normalization'
President Trump on Thursday said that “the war in Iran is going along swimmingly.” Trump also told reporters that a two-week ceasefire with Iran could be extended beyond April 22 but he added he did not believe that would even be necessary because “Iran wants a deal.”
On crypto-native prediction platform Polymarket the odds of a ceasefire extension by April 21 are 80%.
Bitcoin appeared to be awash in peaceful vibes as it crested above $76K but a mild pullback did ensue. As of 8:30 a.m. (EST), the largest crypto was $75.8K in what CoinDesk called “a repeat of Tuesday's choppy pattern.”
"A ceasefire extension alone is no longer enough,” QCP Capital said. “Markets need tangible progress such as restored energy flows and clearer disinflation.”
Until then, QCP, a digital asset market maker, cautioned: “This remains a story of partial normalization rather than full repair — constructive but not yet comfortable.”
