Bitcoin and Crypto Markets Extend Recovery in April 2026, Report Reveals

Coin Metrics' April State of the Network reports a measured crypto rebound driven by strong spot demand and institutional accumulation. Total market capitalization rose about 10% to ~$2.7 trillion as Bitcoin jumped ~16% above $78,000 and Ethereum gained ~14%. Institutional flows were notable: spot Bitcoin ETFs posted roughly $1.7 billion in net inflows (the biggest monthly tally since Oct 2025) and Strategy (MSTR.OQ) bought 56,238 BTC (~$4.1B) during the month, taking its holdings to ~818,334 BTC. On-chain metrics (exchange reserves near a seven‑year low) support the bullish spot case, but derivatives positioning (rising futures OI, negative funding rates) and on‑chain/security risks (protocol exploits, quantum research) temper conviction. Tokenized U.S. Treasuries also expanded rapidly, emerging as a growing on‑chain yield/reserve option.