Bitcoin has climbed nearly 3% to $72,300, supported by stabilizing ETF inflows, while several altcoins posted double-digit rallies. TRUMP, Pi Network, and Render tokens surged 48%, nearly 15%, and 14% respectively, driven by project-specific news including a Trump crypto conference, a Kraken listing confirmation, and AI momentum. Experts characterize the moves as a targeted risk-on rally, with capital rotating into specific narratives amid easing geopolitical tensions.
Bitcoin has traded between roughly $73,000 and $62,000 for the past five weeks but is now showing renewed resilience. This stabilization coincides with exchange-traded fund inflows that have continued to stabilize over the past two weeks.
The Official Trump token surged 48% over 24 hours, coinciding with an announcement for a “Crypto and Business Conference” with President Donald Trump. Other altcoins, such as Pi Network and Render, are up nearly 15% over the same period.
The gains in Pi Network follow U.S. exchange Kraken’s confirmation of a token listing. Render, a token in the artificial intelligence category, has soared 14% amid ongoing AI developments, extending a rally that began on March 10.
Andri Fauzan Adziima, research lead at Singapore-based crypto exchange Bitrue, explained the altcoin moves. “Altcoins like Trump memecoins, Render, and Pi Network are ripping higher on their own stories: political hype and policy teases fuel $TRUMP, AI/GPU momentum and burns lift Render, while Pi rides pre-Pi Day upgrades, Kraken listing buzz, and retail FOMO into +20-30% moves,” he stated.
Adziima noted Bitcoin’s price action is backed by steady ETF inflows, with BlackRock dominating. “Bitcoin meanwhile keeps carving higher highs and lows around $70,000-$72,000, backed by steady-to-strong ETF inflows (hundreds of millions daily, BlackRock dominating) and shrinking exchange supply, giving this recovery real legs for $80,000+ if the bid holds,” he added.
The broader picture points to a “classic risk-on relief rally,” according to Adziima. Meanwhile, easing geopolitical tensions in the Middle East—with President Trump reportedly signaling a quick Iran wind-down—could encourage capital to flow back into crypto markets.
