Bitcoin Turns Bullish As XRP Breaks Out — Crypto Spring Begins? Daily Crypto Roundup

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Welcome back to the Daily Crypto Roundup. Today feels like one of those sessions where the whole market has changed tone almost overnight. Bitcoin is back above $67,000. Ethereum has ripped higher. XRP has finally broken through one of the key levels traders have been watching. Solana is bouncing hard, and now one analyst is saying the words crypto investors have been waiting to hear. Crypto Spring may be here. But before we get into the market, today's episode is brought to you by Kraken. If you're looking for a simple trusted place to buy Bitcoin, XRP, Solana, Ethereum or other major crypto assets, check out Kraken. And remember, we're also giving away 20 XRP to listeners who sign up using the Kraken link and support the show. Crypto can move fast, so always do your own research. Never invest more than you can afford to lose, and keep your long-term plan clear. Now let's get into the prices. Bitcoin is trading around $67,189, up nearly 5% on the day, after briefly pushing above $67,200.
Ethereum is around $1,842, up more than 10%, showing much stronger momentum than Bitcoin on the day. XRP is sitting around $1.26, up more than 10%, after a proper breakout above the $1.20 level.
Solana is around $75.36, up more than 11%, which is exactly the kind of high-beta move you expect when risk appetite returns to crypto. BNB is trading around $628, up just over 3%.
Cardano is around $0.188, up more than 12%.
Dogecoin is around $0.09, up more than 4%. Tron is around $31.09, just slightly higher on the day. Chainlink is around $8.54, up nearly 9%.
And Hyperliquid is around $67.80, up more than 12%, continuing to show why it has become one of the most closely watched names in this market. So the headline today is simple. Crypto is green across the board. But the bigger question is whether this is just a relief bounce, or whether this is the beginning of something stronger. The first big story today is Bitcoin, because Standard Chartered's Jeffrey Kendrick has turned much more bullish after several key signals finally lined up.
His argument is that Bitcoin may have already put in its cycle low near $59,000.
That is a major call, because for weeks, the market has been stuck in fear. Traders were worried about geopolitical tension, oil prices, inflation, ETF outflows, and whether Bitcoin could actually hold the $60,000 area.
But now Kendrick says several things have changed. Strategy has resumed buying Bitcoin. Spot Bitcoin ETF inflows have turned positive again. Oil prices have moved lower.
And Coinbase CEO Brian Armstrong has also suggested that Bitcoin may have bottomed near $60,000.
That does not mean Bitcoin is automatically going straight back to new highs. But it does mean the tone has shifted. The key level now is around $83,000.
Kendrick's view is that Bitcoin needs to break above its early May high near that area to fully confirm the next major uptrend. Until then, this is still a recovery phase. But the important thing is this. The market is no longer just asking how low Bitcoin can go. It is starting to ask whether the next leg higher has already started. And that psychological shift matters. When fear dominates, every bounce gets sold. But when confidence starts returning, dips begin to get bought. That is the transition crypto investors are watching for right now.
The second big story is the live market reaction to the U.S.-Iran situation and the Strait of Hormuz reopening.
Bitcoin jumped above $67,000 as risk assets rallied, with the Nasdaq also moving sharply higher. Crude oil fell hard, dropping roughly 5% on the day. And that is a massive part of today's crypto story. At first glance, oil falling and Bitcoin rising might seem unrelated. But they are connected through the macro chain. If oil prices fall, inflation pressure can ease. If inflation pressure eases, the Federal Reserve has more room to soften its stance. If the Fed has more room to cut rates or become less hawkish, liquidity expectations improve. And crypto, especially Bitcoin and altcoins, is extremely sensitive to liquidity. That is why the Strait of Hormuz story matters. It is not just an oil headline. It is a liquidity headline. The Crypto.News analysis made the point clearly. Oil is the leading signal here, while crypto is the output. If oil keeps falling and geopolitical risk continues to ease, then the macro backdrop becomes more supportive for Bitcoin and the wider crypto market. But there is a warning as well. This chain can reverse quickly. If the ceasefire breaks down, if the Strait of Hormuz situation worsens, or if oil spikes back toward $100, then the market could quickly price in higher inflation, a more hawkish Fed, and tighter liquidity. That would hit crypto hard. So yes, today's move is bullish, but it is not risk-free. The market is still watching oil, the Fed, and geopolitical headlines closely. The third story is Strategy, because Michael Saylor's company has bought another 1,587 Bitcoin for around $100 million.