ARK Web x.0 ETF

ARKW

Market cap $1.68B

Bitcoin on Tuesday tested a key level that has blocked gains for months, as technical analysts watched for signs that the cryptocurrency may finally be ready to break out.

For the first time since mid-March, Bitcoin ( CRYPTO: BTC ) is back above $75,000.

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Bitcoin is in the midst of a long downward trend. Many of its most ardent holders are sitting on losses.

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The price of Bitcoin jumped 3% toward $70,000 Monday after days of sideways trading.

Bitcoin ( CRYPTO: BTC ) closed March at roughly $68,000—up just 1.8% for the month—and somehow that counts as BTC's best month since September 2025.

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Bitcoin fell from nearly $87,500 at the end of 2025 to around $66,800 today, a drop of roughly 24% year-to-date.

Companies that spent years building up bitcoin treasuries are now reportedly exiting the market. As Coindesk reported Thursday (April 2), publicly-traded companies were once viewed as long-term bitcoin holders, but are now increasingly unloading the coin as ongoing price weakness crimps their plans and balance sheets.