By Jack Denton

Bitcoin and other cryptocurrencies advanced on Monday, bucking days of stagnant trading after Strategy -- one of the most significant digital asset market participants -- suggested they may resume a buying spree.

The price of Bitcoin rose 3% over the past 24 hours to above $69,000, its highest point in nearly two weeks. The largest crypto by market value has languished around or below $70,000 since February, the latest stage of declines that have taken Bitcoin down from late-2025 highs above $125,000.

"Bitcoin has broken the ceiling of the falling trend in the short term," according to technical analysis from market research group Investtech. "There is now support at $68,120. The currency is approaching resistance at $71,000 ... a break upwards ... will be a positive signal."

Investors continue to scrutinize geopolitical and military developments out of the Middle East as a major factor influencing markets. Stocks were poised for gains on Monday amid the latest optimism for the end of conflict.

For cryptos, there's another catalyst that could be pushing prices higher -- Strategy, the largest corporate holder of Bitcoin.

Strategy, which holds 762,099 Bitcoin -- worth more than $52 billion at current prices -- paused its pattern of regular Bitcoin purchases during the week of March 23, ending a 13-week buying spree.

But the company may well be poised to restart its Bitcoin purchases. Michael Saylor, the company's executive chairman, posted "back to work" on social media site X, alongside a chart showing Strategy's history of Bitcoin purchases.

It suggests that the crypto whale is about to swim back into the market and buy Bitcoin again.. Amid a stagnant crypto market, that just might be enough to boost Bitcoin prices a bit higher.

Strategy stock rose 3.6% ahead of the open, while crypto exchange Coinbase Global was up 3.5%.

Beyond Bitcoin, Ether -- the second-largest crypto -- jumped 5% to above $2,100. Smaller cryptos or altcoins were also buoyant, with XRP up 3%, Solana 2.9% higher, and Dogecoin advancing 2.2%.

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

April 06, 2026 04:58 ET (08:58 GMT)

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