Bitcoin and ether rise sharply alongside a rebound in U.S. stocks, but the uptrend does not spread across the wider market.

CoinDesk reported on April 14 that bitcoin rose 5 percent over 24 hours and ether gained 9 percent. Demand from digital asset treasury firms such as Strategy and BitMine continues, and bullish bets also increase in the futures market. Still, perpetual futures funding rates for both assets remain below 10 percent. Some interpret this as a so-called Goldilocks zone, where demand stays firm but signs of overheating are limited.

The market is watching whether bitcoin can settle in the $74,000 to $75,000 range as a turning point for further gains. Alex Kuptsikevich (알렉스 쿠프치케비치), chief market analyst at FxPro, sees that if bitcoin holds this zone, the path toward the $87,000 to $90,000 range could become easier. He said a prolonged correction and cooling-off process may be needed before it clears $90,000.

Marex Group's digital asset services unit presents similar conditions. Marex crypto trading analysts see the uptrend continuing if bitcoin moves sideways above $73,000 to $74,000 without funding overheating. By contrast, they note that a quick break below that level would show this rebound was driven by short-term headlines and a short squeeze rather than a change in real demand.

Unlike the bitcoin rally, the market's base remains narrow. Bitcoin trades clearly above its 50-day moving average, but only 51 of the top 100 coins on TradingView show the same pattern, including bitcoin.

Altcoin moves are also mixed. Solana rebounds into the mid-$80s but has hovered at similar levels several times in recent weeks, and its direction is not clear. XRP shows a similar pattern. By contrast, some tokens such as ZEC, HYPE, AAVE and the meme coin PEPE continue to show strength.

The macro backdrop also moves in a way that supports risk assets. As war concerns ease, the dollar index falls to its lowest level in 5 weeks, and the war premium recently reflected in oil prices also shrinks. Bitcoin rises more than 5 percent over the past 24 hours, trading above a downward trendline drawn from an October peak last year. Still, expectations of further gains above $80,000 could strengthen once it moves above the Ichimoku cloud.