The cryptocurrency market is surging.

VTV.vn - On the evening of April 14th, the cryptocurrency market surged. According to data from OKX, Bitcoin increased by 5% in the past 24 hours, reaching $74,400 - its highest level in nearly a month.

Many other cryptocurrencies also recorded significant gains: Ethereum rose nearly 9% to $2,370; XRP and BNB both increased by more than 3%, reaching $1.30 and $616 respectively; Solana rose nearly 5%, to $85.90.

According to Cointelegraph , Bitcoin's surge has triggered a widespread wave of margin calls. Data from CoinGlass shows that in the past 24 hours, approximately 177,000 accounts had their orders closed, resulting in total losses of around $530 million, with the majority occurring in the last 12 hours.

Notably, about 80% of the orders were bets on a price decrease, but the market surged, causing investors to suffer heavy losses.

Consequently, the total market value of cryptocurrencies increased to approximately $2.6 trillion – the highest level in a month. However, some experts believe that this surge is primarily technical, driven by "forced buying," and therefore may not be sustainable.

On Coinbase, Bitcoin briefly approached $75,000 before a slight correction, while Ether surged more sharply, reaching around $2,380 – its highest level since early February.

In addition to technical factors, the market is also being supported by expectations that tensions between the US and Iran may ease.

After plummeting from its all-time high of $126,000 in October 2025, Bitcoin's price has traded within a narrow range for the past two months. However, since the escalation of the conflict between the US and Iran in late February, the cryptocurrency has outperformed many traditional assets. Since February 27th, Bitcoin's price has risen by more than 10%, while gold has fallen by nearly 10% and the S&P 500 index has remained virtually unchanged.

Typically, Bitcoin tends to move in the same direction as risky assets, and this pattern is repeating itself.

“Bitcoin is behaving more like a typical risk asset than a traditional safe haven. The recent improvement in market sentiment has fueled its upward momentum. To solidify the bullish outlook in the medium term, Bitcoin needs to break through and sustain above the trend resistance zone around $79,000 ,” said Tony Sycamore, an analyst at IG Markets.

Source: https://vtv.vn/thi-truong-tien-so-tang-manh-100260415081237464.htm