The Bitcoin-buying firm's stockpile had shown losses on paper since early February.
Bitcoin surged past $78,000, reaching an intraday high of $78,348. The rally pushed its 24-hour gains to 4.1% and its total market cap to $1.56 trillion. Key Takeaways: Bitcoin hit $78,348 as Iran reopened the Strait of Hormuz, marking its highest price since Feb. 4.
Congresswoman Sheri Biggs discloses up to $250K investment in a Bitcoin ETF as BTC trades above $77K following Strait update.
There has been a pattern repeating in the last few weeks: ceasefire report, price jump, skepticism, stall, fresh optimism, repeat.
Bitcoin pole vaulted to $78,000 and altcoins soared after Iran said that the Strait of Hormuz was fully open. Will bulls be able to sustain the upward momentum?
Bitcoin hits $78K as the Strait of Hormuz reopens, triggering a $50B crypto surge. Is this a real breakout or a short-term relief rally?
Bitcoin's sharp rebound above the $78,000 mark has flipped Strategy's massive Bitcoin position back into profit, marking a major turnaround for one of the market's most closely watched institutional bets.
The total crypto market cap surged to a multi-month peak of over $2.7 trillion.
Bitcoin (CRYPTO: BTC) has the potential to reach $1 million by 2035, says Bitwise CIO Matt Hougan, but only if store of value market continues to grow the same manner for the past 20 years. Path To $1 Million In an Apr. 17 interview with CoinDesk, Hougan said Bitcoin is entering a long-term institutional adoption phase, driven by ETF growth, geopolitical instability and rising demand for "digital gold.
Bitcoin nears key resistance as Fred Krueger says a breakout above $80K could trigger a fresh all-time high this year and revive bullish market sentiment.
BTC has broken $77K with 3.45% daily gains, but Coinglass shows $2.221B of longs below $73,610 and $913M of shorts above $81,264, turning the range into a leverage trap.
An Iranian announcement was enough to move two markets at once. On one side, oil fell sharply.