On the morning of April 22, bitcoin rose above $78,000 after two strong signals for the market. Donald Trump announced an indefinite extension of the truce with Iran, and Strategy revealed a purchase of 34,164 BTC for $2.54 billion. Against this backdrop, BTC gained 2.2% in a day and 4.3% over the week.
For the market, not only the price itself is important, but also the quality of the drivers. Now, growth is simultaneously supported by a geopolitical pause and institutional demand, which is a stronger combination than a typical speculative rebound.
Strategy Moves the Market Again
The new purchase was Strategy’s largest since November 2024. After this deal, the company’s total reserves grew to 815,061 BTC, and the average entry price for the entire position was $75,527 per coin. At current levels, the package has returned to moderate profit.
This is an important psychological signal for the market. When the largest corporate bitcoin holder not only maintains its position but increases it by billions of dollars, it strengthens confidence in the medium-term growth scenario.
Institutional Money Flows Back Into Crypto
At the same time, the overall fund flow is also strengthening. Over the past week, global crypto funds attracted $1.4 billion, with $1.12 billion going to bitcoin and another $328 million to Ethereum. This is the best weekly result since mid-January.
Such an inflow is important in itself. It shows that interest in the market comes not only through individual corporate purchases but also through a broader channel of institutional capital.
Truce With Iran Gives Market Breathing Room
The second driver is geopolitics. Trump’s decision to extend the truce with Iran reduced nervousness in global markets, although the situation around the Strait of Hormuz remains tense. That is why bitcoin’s growth is accompanied not by euphoria but rather by a cautious return of risk appetite.
American stock futures also went up, confirming the overall shift in sentiment. But oil remains high, which means the market does not yet consider the conflict completely off the agenda.
Bitcoin Breaks Above Key Level
From a technical standpoint, the market also received a strong signal. BTC is holding above the realized price of short-term holders around $69,400. This means that recent buyers are already, on average, in profit, and the risk of cascading liquidations at current levels is reduced.
This structure usually works in favor of the bulls. When the short-term market is not sitting at a loss, the pressure from forced sales becomes weaker.
Japan Adds Another Bullish Argument
An additional signal came from Japan. According to a Nomura survey, 65% of Japanese institutional investors already hold bitcoin as a diversification tool. Most of them consider a 2–5% portfolio share over a three-year horizon.
This is important not only as a figure. Such a shift confirms that bitcoin is increasingly entering the institutional capital allocation model, rather than remaining a niche asset for individual funds and traders.
What’s Next?
Now the market is watching two marks. A confident consolidation above $80,000 will confirm that the current growth is turning into a stronger move and could lead to a short squeeze. A return below $75,000, on the other hand, will show that the effect of the truce and the Strategy purchase is already priced in.
For now, the base scenario looks moderately positive. Bitcoin has received two strong impulses at once, and the market again sees it as an asset supported by both politics and big capital.
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