Risk appetite is on the rise again, powering a recovery in charts despite a slight delay for the positive news investors were anticipating on Monday. Bitcoin pushed past $72,000, while Ethereum surged back above $2,200. The day is packed with major cryptocurrency headlines, from critical exploits to data showing shifts not seen since the 2008 crisis.
Focus on crypto investors
One of the day’s hottest topics is the unbacked minting of 1 billion DOT coins. On Ethereum, a vulnerability in the Hyperbridge network’s cross-chain verification let attackers replay falsified ISMP/Merkle proofs, granting control over the bridged DOT contract. This flaw was exploited to mint 1 billion wrapped DOT on Ethereum, which the attackers sold on decentralized exchanges for a profit of $237,000. Though the hack was limited to DOT tokens bridged through Hyperbridge, the incident weighed heavily on DOT’s price.
Another noteworthy development came from Strategy, which announced the purchase of $1 billion in Bitcoin, financed by the proceeds from their STRC stock sale. Acquired between April 6–12, 2026, this latest move expands the company’s reserves to 780,897 BTC and puts Michael Saylor’s firm back in the spotlight.
The native token of eCash, XEC, is also trending. Buzz followed BitMart’s brief listing of XEC—reportedly charging a $20,000 fee—before quickly suspending the listing altogether, fueling speculation across the community.
An analyst known as JA_Maartun announced a long position due to rebounds in the Coinbase Premium, as U.S. officials voiced progress toward a major agreement while this article was being written. U.S. market open brought a wave of good news, although any significant response from Iran is still missing.
Meanwhile, Mister Crypto, a prominent analyst, compared previous bear market cycles and suggested the market bottom is likely near—pointing toward an imminent recovery phase for the broader crypto landscape.
The biggest move since 2008
Global energy funds saw $2.1 billion in outflows last week, marking the sharpest withdrawal since July 2024. This comes right after three straight weeks of record inflows totaling $13.5 billion. Consequently, the four-week average inflow stands at a robust $1.0 billion—near its highest point in two years. Notably, the U.S. Energy Sector ETF, XLE, posted its largest exit in 14 years, with $1.0 billion withdrawn on Wednesday alone.
Back in the 2008 financial crisis, the daily record was $1.8 billion. What’s behind these numbers? Investors appear to be locking in profits, reflecting growing confidence that the recent tensions could soon be resolved by a landmark agreement. For the crypto sector, this trend is seen as highly favorable.
Comparing it to past crashes, these moves signal that investors believe a deal is close, boosting optimism across cryptocurrencies, as noted by several analysts covering the latest outflows and market sentiment shifts.
