Bitcoin hit a 12-week high on Monday but could not hold the peak. In the morning in Europe, the price reached $79,488, the best level since January 31, then rolled back to $77,000.
In recent sessions, the market gradually pushed the price toward $80,000. Traders closed shorts, and major players started entering the asset again. In April, BTC has already gained 13% and could post its first double-digit monthly growth since May 2025.
Demand for spot bitcoin ETFs in the US has also revived. Net inflows for April totaled about $2.5 billion, and by the end of the month, this figure could almost double March’s result. Institutions began returning as early as March after four months of net outflows.
Purchases by Strategy continue, but are less aggressive. In the past seven days, the company bought BTC worth $255 million, while in the previous two weeks it invested about $3.5 billion.
The company led by Michael Saylor bought 3,273 BTC in the period up to April 27. This is according to a report filed with the SEC, published on Monday. The document also states that the latest purchase was financed by selling common shares.
Nvidia Sets Record With $5.26 Trillion Market Cap, but Chip Sector Growth Slows
Shares of Nvidia (NVDA) hit an all-time high, rising to $216.61 after a 4% gain on Monday after the market closed. This is the company’s first record since October last year.
Against this backdrop, the market cap reached $5.26 trillion, and Nvidia once again became the only company in the world with such a valuation. The market is literally rewriting history before our eyes.
But there is a nuance. Despite the growth, Nvidia shares are still lagging behind the entire chip sector. The Philadelphia Semiconductor index gained more than 36% in April and is now trading almost 50% above its 200-day average.
According to traders at Goldman Sachs, such a gap has not been seen since the peak of the dot-com bubble.
Nvidia itself grew by more than 20% over the same period, which is noticeably weaker than the index, although the company remains its largest component with a share of 10.82%. Since the beginning of the year, the gap is even wider: Nvidia has gained 15%, while the index has grown by about 46%.
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Some analysts believe the stock has a chance to catch up with the market, especially if the company increases capital returns to shareholders through buybacks and dividends.
Analyst JPMorgan Harlan Sur and his team continue to bet on AI:
«We expect that demand for AI-related solutions will ensure multi-year growth for Nvidia's data center GPU business.»
Overall, the market also set new highs. The S&P 500 index rose 0.12% to 7,173.91, while Nasdaq added 0.20% and closed at 24,887.10.
Both indexes also hit new all-time highs during the day. Meanwhile, the Dow Jones fell by 62.92 points, or 0.13%, to 49,167.79.
Growth was limited as oil continued to rise amid a deadlock in US-Iran talks and rising tensions in the Strait of Hormuz. West Texas Intermediate rose 2.09% to $96.37 per barrel, while Brent rose 2.75% to $108.23.
The chip sector itself has started to show signs of fatigue. ETF iShares Semiconductor fell by about 2% on Monday and may close the day in the red for the first time after 18 sessions of consecutive growth.
From the March 30 low, reached amid the US-Iran conflict, the fund rose nearly 50% by Friday’s close and is still holding about 46% above those levels.
The crypto sphere unexpectedly joined the discussion. Convicted fraudster Sam Bankman-Fried, serving 25 years for stealing tens of billions of dollars from clients in 2022, wrote on X that the S&P 500 reached 7,174 and grew by 19.6% since Donald Trump's second inauguration.
He compared this to a 8.6% gain over the same period during the presidency of Joe Biden, to whom he previously donated millions.
Sam is still trying to get a pardon from Trump, as his rival Changpeng Zhao did. So far, there are no signs he will get it.
His post was answered by Geiger Capital:
«You will not get a pardon. Shut up.»
Sam replied:
«The most interesting outcome usually happens,» repeating Elon Musk's famous phrase.
