Bitcoin finished April above $76,000, retaining most of its gains. Over the month, the price increased by about 12%, showing the best result in the past year. At the same time, the market’s main focus shifted to the stock market, where the S&P 500 set a new all-time high.
The growth was synchronous. Against the backdrop of strong earnings reports from tech companies, stocks continued to rise, and the crypto market followed the overall sentiment.
S&P 500 Reaches New Heights
The U.S. index approached the 7,220-point mark for the first time. The movement was supported by the results of major tech companies, including Apple and Google, which exceeded expectations.
Since the end of March, the market capitalization has grown by more than $8 trillion. For comparison, a year ago the index was around 5,600 points, and ten years ago — at 2,100. This dynamic shows the scale of the current cycle. Growth accelerated despite ongoing macroeconomic risks.
Bitcoin Rises Alongside Risk Assets
BTC gained almost 12% in April. This is the strongest monthly result since spring 2025. The movement appears to be part of the bigger picture. Investors continue to increase positions in risk assets despite signals of rising inflation in the U.S.
At the same time, bitcoin’s dynamics remain more restrained compared to the stock market. The main impetus is now forming outside the crypto segment.
Inflation Returns to the Agenda
PCE index data increased uncertainty. In March, the figure was 3.5%, the highest since August 2023.
This indicator is considered key for the Federal Reserve System. Its growth may affect further decisions on interest rates. The market is currently ignoring this factor. However, expectations for April data are becoming an important benchmark for investors.
Bitcoin Fails to Hold Above Key Levels
Despite a strong month, the chart structure remains ambiguous. BTC failed to confidently hold above the 21-week exponential average. Since October last year, there has been only one weekly close above this level. This limits confidence in continued growth.
Analysts note the risk of a retest of lower levels. In particular, the area around $60,000 is seen as a potential zone for confirming further movement.
The Market Balances Growth and Risks
The situation looks contradictory. On one hand, stocks are setting new highs, and bitcoin is showing its best month in a year.
On the other hand, macro factors remain tense. Rising inflation and uncertainty around Fed policy could change the market mood. For now, participants are choosing growth. But the sustainability of this movement depends on upcoming macro data.
What This Means for the Market
April showed a strong correlation between the crypto market and traditional assets. Bitcoin continues to move in the same direction as the stock market.
At the same time, the initiative remains with stocks. They set the overall tone, and the crypto market follows them. This is important for risk assessment. Any change in sentiment in the stock market can quickly affect BTC.
What's Next?
The key factor will be new inflation data. If the indicator continues to rise, the market will start pricing in a tighter Fed policy.
In this case, the current growth may slow down. If the data turns out weaker than expected, interest in risk assets will remain. For bitcoin, the technical level is important. Holding above key averages will open the way for further growth, while failure to do so increases the likelihood of a correction.
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