Bitcoin Bull Score Index Turns Neutral For First Time This Bear Market
NewsBTC·60-word summary·1 min read
Bitcoin’s Bull Score Index has risen to 50, entering a neutral zone for the first time in this bear market, according to CryptoQuant. This shift suggests improved market conditions but does not indicate a trend reversal, as similar past episodes in March 2022 saw prices decline afterward. The index's recovery reflects recent price stabilization from lows in the low-$60,000s.
Bitcoin surged above $79,000 on April 19, 2026, approaching the $80,000 mark amid optimism over potential US-Iran peace talks. President Donald Trump’s comments suggesting talks could resume on Friday boosted investor confidence, driving risk assets like Bitcoin higher. The rally reflects increased market anticipation of geopolitical developments impacting the crypto market.
American Bitcoin shares surged after Trump-backed firm activated 11,000 BTC miners, boosting its hash rate. The company's stock price, which had fallen to a low in March, has continued to climb amid the expansion. The move highlights increased institutional activity in Bitcoin mining, with American Bitcoin strengthening its market position through this significant deployment.
Stratiphy is reintroducing tax-free bitcoin investments for UK investors by offering access to three ETNs from 21Shares, covering bitcoin, ether, and a combined BTC and gold product. This move allows investors to avoid paying duty on crypto investments once again, providing a tax-efficient way to gain exposure to major cryptocurrencies. The ETNs are now available as of April 2026.
Strategy (MSTR) surged 25% in five days as Bitcoin neared $79,000, driven by a record Bitcoin purchase and rising prices. The stock's gains reflect increased institutional interest in Bitcoin. The rally highlights Bitcoin's influence on related stocks and the broader crypto market, with MSTR benefiting from Bitcoin's recent bullish momentum.
Michael Saylor’s Bitcoin buying spree may slow down as his funding tool, STRC preferred stock, remains below its $100 par value. Since last week, STRC shares have traded below this threshold, potentially limiting Saylor’s ability to finance further Bitcoin purchases. The situation raises questions about the continuation of his aggressive Bitcoin accumulation strategy.
Grayscale suggests Bitcoin may have hit its lowest point in February 2026, reigniting debate on the crypto cycle. While some analysts anticipate a further dip later this year, Grayscale's assessment indicates the market may have already bottomed out. The statement adds a new perspective to Bitcoin's ongoing price trend analysis.