Bitcoin Hits 11-Week High

Bitcoin climbed more than 2% above $78,000 in late April, hitting its highest level since early February, amid cautious optimism after President Trump said he would extend the ceasefire with Iran. Trump said the truce would continue until Iran submits a “unified proposal” to end the war with the US and Israel. This came after reports that Vice President JD Vance’s Pakistan trip for Iran talks was postponed, while Tehran, via a Pakistani intermediary, told US counterparts it would not join further talks. Since the conflict began, Bitcoin has weathered volatility along with other risk assets but still remains up more than 15% since late February. Meanwhile, inflows into US-listed spot Bitcoin ETFs have strengthened in recent weeks, with the 13 funds attracting over $250 million so far this week, following $996.4 million in net inflows last week, pointing to rising institutional demand.

Bitcoin climbed above $74,000 in mid-April, hitting its highest level in four weeks, tracking improved appetite for risk assets on hopes that the US and Iran may be open to resuming peace negotiations. The move came after US Vice President JD Vance said progress now hinges on Tehran following weekend talks that failed to produce a breakthrough. President Donald Trump also said Iran had made contact with his administration over possible peace talks, even as Washington continued a naval blockade of the Strait of Hormuz. Analysts noted that Bitcoin continues to outperform broader risk assets, remaining up more than 10% since the Iran war began, though they said a significant upside move may not occur until the US enacts the Clarity Act to establish clearer rules for digital assets. US SEC Commissioner Hester Peirce also said she favors a more permanent approach to defining broker rules in crypto markets.

Bitcoin climbed above $72,000 in early April, reaching its highest level in three weeks, as risk appetite improved following news of a temporary ceasefire between the US and Iran. President Donald Trump agreed to a two-week halt on strikes against Iran, while Iran committed to temporarily reopening the Strait of Hormuz. The announcement came just under two hours before Trump’s deadline for Iran to act. The positive sentiment in global markets coincided with Bitcoin showing resilience in recent weeks, supported by easing institutional selling pressure. US-listed spot Bitcoin ETFs have also seen a rebound in investor demand, with recent inflows reversing previous outflows. After several months of declining interest, March recorded a stabilization in net inflows, reflecting renewed confidence in both the funds and the broader cryptocurrency market.