{"id":86812,"date":"2026-04-27T12:31:39","date_gmt":"2026-04-27T12:31:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=86812"},"modified":"2026-04-27T12:31:39","modified_gmt":"2026-04-27T12:31:39","slug":"bitcoin-taps-79000-as-april-rally-extends-to-16-why-is-btc-going-up","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=86812","title":{"rendered":"Bitcoin Taps $79,000 As April Rally Extends To 16%: Why Is BTC Going Up?"},"content":{"rendered":"<div>\n<p><strong>Bitcoin<\/strong> <a class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) hit a 12-week high of $79,488 on Monday morning as Iran offered a new proposal to reopen the Strait of Hormuz, extending April\u2019s rally to 16%.<\/p>\n<h3 class=\"wp-block-heading\">The Iran Deal Catalyst<\/h3>\n<p>The rally marked the highest level since January 31 and the first monthly double-digit gain since May 2025.<\/p>\n<p>Axios <a href=\"https:\/\/www.axios.com\/2026\/04\/27\/iran-us-hormuz-strait-nuclear-talks-proposal-pakistan\">reported<\/a> Iran\u2019s proposal to the U.S. to reopen the Strait of Hormuz, sending Asian shares higher and pulling crude oil back from earlier gains.<\/p>\n<p>Bitcoin has meanwhile pulled back below $78,000 as <strong>Rachael Lucas<\/strong>, an analyst at BTC Markets, notes that $80,000 is where many recent buyers approach breakeven, typically where selling pressure emerges.<\/p>\n<h3 class=\"wp-block-heading\">Institutional Demand Returns<\/h3>\n<p>Digital asset investment products saw $1.2 billion of inflows last week, the fourth consecutive positive week, <a href=\"https:\/\/researchblog.coinshares.com\/volume-283-digital-asset-fund-flows-weekly-report-93aca89c8084\">according<\/a> to CoinShares.\u00a0<\/p>\n<p>Total assets under management rose to $155 billion, the highest level since February 1.<\/p>\n<p>Bitcoin &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/04\/52059559\/bitcoin-taps-79000-as-april-rally-extends-to-16-why-is-btc-going-up?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Bitcoin\" taps as april rally extends to why is btc going up>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (CRYPTO: BTC) hit a 12-week high of $79,488 on Monday morning as Iran offered a new proposal to reopen the Strait of Hormuz, extending April\u2019s rally to 16%. The Iran Deal Catalyst The rally marked the highest level since January 31 and the first monthly double-digit gain since May 2025. Axios reported Iran\u2019s proposal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-86812","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/86812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=86812"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/86812\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=86812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=86812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=86812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}