Bitcoin has passed several stress tests in April, amid macroeconomic factors and internal shocks in the digital currency world. April also saw a record number of hacks and exploits, as previously reported by CryptoPolitan.

Oil shocks and uncertainty regarding the situation in the Strait of Hormuz led to frantic trading. Traders' attention shifted to stocks and oil futures contracts, while Bitcoin mainly attracted large investors in spot and futures markets.
The leading currency was supported by ongoing accumulation by major investors and some retail wallet groups. Demand also came from treasury companies, with Strategy executing its third-largest weekly purchase in history, adding 34,164 Bitcoins by April 20.
Bitcoin’s dominance slightly increased to 58.2%, while interest in alternative cryptocurrencies and digital tokens remained at historic lows. The coming months may continue to be strongly oriented toward Bitcoin, while the rest of the crypto market faces repercussions from hacks and a loss of confidence in decentralized finance lending.