Bitcoin Its price has consistently risen in April. Following the reports that Iran may have reopened the Strait of Hormuz to shipping, the crypto market responded positively, and the King cryptocurrency rose by 1.8%. BTC has risen 6% in the past seven days and a further 8.5% over the last thirty days.
Bitcoin shot up as US-Iran talks on a ceasefire temporarily reduced tensions along the Strait of Hormuz. This reversed the previous risk-off mood. It triggered the liquidation in one day of a staggering $102,93 million worth of short positions, which pushed up prices. Also, U.S. Bitcoin spot ETFs have seen substantial net inflows of over $186.03 millions this week. BlackRock’s IBIT The leading whale bought over $500M worth of BTC. ETFs inflows may be a good indicator of how the fund managers are doing. BlackRock’s latest purchase of half a billion dollars could be taken as a sign that the asset manager is bullish.
Bitcoin’s rise has also had a positive impact on several US-based stocks that are focused on crypto. Strategy (MSTR), the leading institutional BTC investor, has gained over 13% this Friday. It’s up 33% during the last 5 days. Coinbase shares (COIN) also grew over 5%, and crypto miner MARA’s shares rose around 3%.
Also Read: $50M Bitcoin by 2041? EMJ Capital Founder Lays Out the Case
Bitcoin (BTC), after breaking the $77,000 level, could continue to rise. As this appears to be the average price for many holders, there seems to very little interest above current resistance. The next major hurdle is the $84,000–$85,000 zone (200-day EMA & 61.8% Fib extension). This bullish argument relies upon holding BTC above $75,000, and on continued ETF flows. If ETF inflows continue to be sustained, BTC may reach $80,000 next. This is the highest BTC price since January 2026.
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Source: watcher.guru
