Bitcoin Rebounds Near $70K, Charles Schwab To Launch Direct Trading

Bitcoin surged above $69,000 in April 2026, nearing $70K, driven by geopolitical optimism as Iran ceasefire talks eased market tensions and triggered short-position liquidations. Charles Schwab announced plans to launch direct cryptocurrency trading, marking a major shift as traditional finance embraces digital assets amid growing institutional demand. The price rebound followed weeks of volatility, with short sellers forced to cover positions, amplifying upward momentum as trading volume spiked across major exchanges. Analysts attribute the rally to macroeconomic factors, including reduced Middle East conflict risks and anticipation of Schwab’s entry potentially increasing mainstream crypto adoption. The move positions Schwab alongside competitors like Fidelity and BlackRock, signaling broader Wall Street acceptance of crypto as a legitimate asset class.