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Bitcoin’s Recovery Has Stalled As Markets Pull Back Risk

Macro conditions are capping Bitcoin’s recovery

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Ecoinometrics
Apr 06, 2026
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Bitcoin’s recovery has stalled.

You could blame the latest headlines for that. The escalation in Iran, the jump in oil prices, the pressure building again on interest rates, all of that is clearly not helping risk assets right now.

But while that contributes in the short term, this is not the whole story. Because this slowdown didn’t start last week.

What we’re seeing in Bitcoin is part of a broader shift that has been building for months. The recent macro shock is just accelerating something that was already in motion.

And more importantly, Bitcoin is no longer the exception.

Just a few months ago, it was the only asset facing sustained outflows. Now, that pattern has spread across equities, gold, and Bitcoin at the same time.

That means we need to account for the bigger picture to understand the kind of hurdles Bitcoin’s recovery is facing now. The full story is about a market that is gradually pulling back risk.

So today, we’re going to zoom out and look at that shift and why it is putting the recovery on hold.


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Bitcoin’s Recovery Has Stalled As Markets Pull Back Risk

The Takeaway

Bitcoin’s recovery has stalled, not because of a Bitcoin-specific issue, but because the broader market is pulling back risk.

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