In recent days, the price of Bitcoin has risen, exceeding the $79,000 mark, marking one of the cryptocurrency’s major achievements in April 2026. This price surge comes amid expectations of an important decision from the U.S. Federal Reserve regarding interest rates, which will be announced on April 29.
This is reported by Business • Media
Key Factors Behind Bitcoin’s Growth
Analysts attribute the current rise in the cryptocurrency market to several factors. In particular, there are stable inflows into spot Bitcoin ETFs in the U.S. market, a breakthrough of key technical levels, and a decrease in geopolitical tension, which has eased protective sentiments among investors. Over the past week, the net inflow into spot ETFs amounted to $980 million, marking the fourth consecutive week of positive market dynamics.
At the time of preparing this material, the price of Bitcoin was $77,688, according to TradingView data. The steady rise of Bitcoin was accompanied by a wave of liquidations in the crypto market, which reached $287.96 million in a single day. Most of these liquidations were from short positions – $172.68 million, while long holders lost $115.28 million. Overall, 84,719 traders suffered losses. The share of liquidations for Bitcoin and Ethereum futures contracts amounted to $93.01 million and $110.42 million, respectively.
Market Sentiment and Expert Opinions
The Fear and Greed Index in the cryptocurrency market currently stands at 44 points, indicating a gradual return to neutral territory after a 12-point drop compared to last week. The reduction in geopolitical tension and the anticipation of decisions from leading financial institutions are contributing to increased investor confidence in the market.
“The growth of the crypto market is driven by stable inflows into ETFs and a structural breakthrough of key technical levels, confirming strong underlying demand. At the same time, the decrease in geopolitical tension has eased protective sentiments, and the Fear and Greed Index has shifted from fear to neutrality.”
This opinion was expressed by Dominic John, an analyst at Zeus Research. Nick Rakk, director of LVRG Research, also noted that the further price movement will depend on maintaining high demand for spot Bitcoin, as traders closely monitor the potential for price consolidation above the psychological levels of $80,000–$83,000.
Despite geopolitical news, such as the cancellation of the U.S. negotiation mission to Pakistan for dialogue with Iran, the market has remained stable. Analysts believe that these risks have already been factored in by market participants, and the main focus is now on the upcoming FOMC meeting and the financial reporting of major tech companies.
It is worth noting that since the beginning of 2026, the total inflow of funds into spot Bitcoin ETFs has approached $2 billion, further confirming investor interest in digital assets amid global financial uncertainty.