BitcoinImage Credit source: ai generated
There is tremendous movement in the crypto market these days. The world’s largest cryptocurrency, Bitcoin, is once again moving towards its historical level. On Monday, a rise in the prices of Bitcoin was seen and it reached very close to $ 80,000. So far in the month of April, Bitcoin has jumped by 16 percent. According to Bloomberg data, this is the first time since May 2025 that Bitcoin has recorded a strong double-digit gain within a single month. During this period, Bitcoin reached a high of $79,488, which is its highest level since January 31. Currently it is trading around $79,100. At the same time, the second largest digital currency Ethereum has also strengthened by 1.7 percent.
What is the reason behind the boom?
The sudden rise is linked to international politics and tensions in the Gulf countries. Recently, a report by Axios has come out, in which it has been claimed that Iran has made a new proposal to America to reopen the Strait of Hormuz. This proposal also includes the condition that nuclear talks should be postponed until America lifts its naval blockade. Fears of the closure of this major global trade route have created huge volatility in crude oil and risk investment instruments. Due to the ongoing tension between America and Israel, fluctuations in crude oil prices have also been seen. In such an uncertain environment, investors often turn to assets considered safe like Bitcoin, which is giving impetus to this rise.
return of big players
This rally is not only being fueled by geopolitical tensions, but the main reason for this is the huge purchases being made by big market players. According to Bloomberg, ‘Strategy’ has bought bitcoins worth $ 3.9 billion this month. This is his biggest purchase in any one month in the last one year.
According to Riya Sehgal, research analyst at Delta Exchange, this boom in the crypto market has not come without thinking, rather it is a systematic and balanced recovery. He says that American institutional investors have returned to the market. Continuous purchases by big players like Michael Seller’s company ‘Strategy’ are reducing the available supply of Bitcoin in the market, giving a strong base to the prices. However, high interest rates, upcoming Federal Reserve decisions and geopolitical circumstances are still keeping the market from being too aggressive.
Will the level of 80 thousand dollars be crossed?
Now the question arises whether Bitcoin will be able to cross the magical figure of $ 80,000? From a technical point of view, the market situation still remains positive. According to Riya Sehgal, the level of $ 75,000 for Bitcoin and $ 2,300 for Ethereum is acting as a strong support. If Bitcoin decisively breaks the $80,000 level, it could go to the mid-$85,000 level. But, if it fails to maintain the current levels, profit-booking or even a decline could be seen in the short term.
What is the right plan for investors?
Avinash Shekhar, co-founder and CEO of Pi42, advises investors to proceed with caution. He believes that instead of blindly following this sharp rise in the market, investors should gradually increase their investments.
Experts clearly say that staggered investing in quality digital assets like Bitcoin and Ethereum is the right way to deal with this volatility. Investors should keep an eye on key technical levels of the market. Additionally, one should avoid overleveraging and reacting quickly to day-to-day market noise.
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Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsh advises its readers and viewers to consult their financial advisors before taking any money-related decisions.
