After crashing nearly 30% within days in late January, Bitcoin (BTC) regained upward momentum at the start of April and even crossed back above $78,000 – its highest price since February 3 – by Wednesday morning.
Bitcoin (CRYPTO: BTC) has rebounded to $78,000, supported by growing evidence of tightening supply as institutional accumulation accelerates. "Great Supply Drain" Data from analytics platform CryptoQuant indicates that Bitcoin reserves on exchanges have been steadily declining since 2023–2024, reflecting a structural shift toward reduced available supply on trading platforms.
A crypto analyst, Zynx, on the X (formerly Twitter) platform, has shown where the Bitcoin price might be headed over the next few years using the Bitcoin Power Law. This law shows a steady upward trajectory, putting into perspective the performance of Bitcoin over a long period of time.
A pseudonymous crypto trader and analyst says he will remain bullish on Bitcoin unless BTC loses one key support level. The analyst known as DonAlt tells his 68,000 subscribers of the TechnicalRoundup YouTube channel that Bitcoin will likely keeping rallying unless the top crypto asset dips below $70,000 on the weekly chart.
Bitcoin is ripping past $78K. Kevin Warsh faced off against the Senate.
BlackRock bought over $900 million in Bitcoin in five days, driving ETF inflows and adding to supply shock concerns.
Bitcoin BTC$78,211.47 pushed above $78,000, lifting the broader crypto market. The move came as risk sentiment improved after U.S. President Donald Trump extended the ceasefire with Iran.
BTC hovers at key $78,000 level with $180 million liquidations at stake, while altcoins and memecoins surge as risk-on sentiment returns.
Bitcoin reclaims $78,000 after Trump extends the Iran ceasefire indefinitely, easing market fears and lifting demand for risk assets.
BlackRock has continued to extend its large Bitcoin purchases since the broader crypto market began to see renewed interest following the prolonged rally seen in the previous months.
Bitcoin hit its highest price since early February after President Trump announced an open-ended extension of the US-Iran ceasefire at the request of Pakistani mediators, keeping hostilities on pause.
Bitcoin price metrics saw a broad recovery in April, but analysis warns that the 2022 bear-market breakdown could still repeat.