Bitcoin Price Explodes To $78K, Here’s Why $100K Might Not Be Far Away As Investors Hunt Altcoin Gains
CoinCentral·60-word summary·1 min read
Bitcoin surged to $78,000, reigniting bullish momentum and bringing the $100,000 target closer. The rally reflects increased investor interest, especially as funds rotate into high-potential altcoins. This breakout demonstrates Bitcoin's continued dominance in the market, with analysts suggesting that the cryptocurrency's recent performance indicates a possible move toward new all-time highs in the near future.
Strategy Inc. has purchased 34,164 Bitcoin, increasing its total holdings to 815,061 BTC as of April 2026. This multibillion-dollar acquisition highlights ongoing institutional confidence in Bitcoin and reflects Strategy’s commitment to expanding its corporate treasury position. The move underscores sustained demand from large firms for Bitcoin as a treasury asset.
Strategy made its third-largest Bitcoin purchase on record, acquiring 34,164 BTC for $2.54 billion last week. The purchase was funded through sales of the company's perpetual preferred stock, STRC, and common stock. This move highlights ongoing institutional interest in Bitcoin, with the company significantly increasing its holdings in a single transaction.
Michael Saylor’s Strategy has purchased 34,164 bitcoin for $2.5 billion, bringing its total holdings to over 800,000 BTC. This amount accounts for more than 3.8% of the 21 million bitcoin supply cap, valued at approximately $61 billion. Saylor’s firm continues to expand its bitcoin portfolio, emphasizing a long-term bullish outlook.
Bitcoin's price fluctuated between $74,000 and $77,000 on April 20, amid rising US-Iran tensions following a cargo ship seizure and retaliation threats. After weekend gains, Bitcoin dipped below $74,000 but remains supported at that level, with resistance around $76,000 to $77,000. Traders are closely monitoring liquidity zones and potential CME gaps, reflecting mixed market sentiment.
Global crypto funds experienced $1.4 billion in weekly inflows, driven by increased demand for Bitcoin, which rose above $76,000. CoinShares reported that this rebound boosted risk appetite among investors, contributing to the significant inflows into crypto exchange-traded products (ETPs) during the week. The positive sentiment reflects renewed confidence in Bitcoin’s price momentum.
Coinbase launched crypto-backed USDC loans in the UK on April 20, 2026, allowing users to borrow USDC against BTC, ETH, and cbETH. The loans, powered by the Morpho protocol on Base, offer limits up to $5 million for Bitcoin and $1 million for Ethereum. Repayments are flexible, but users must monitor loan-to-value ratios to prevent liquidation.