Bitcoin price set for best gains since Q4 2024 with $77.5K monthly close
Cointelegraph Market Analysis·60-word summary·1 min read
Bitcoin is on track for its best monthly gains since late 2024, with a $77,500 monthly close expected. The cryptocurrency's price action suggests strong upward momentum, and it has one week remaining to potentially reach this milestone. This marks a significant recovery period for Bitcoin, highlighting renewed investor interest and market strength in 2026.
Stripe’s Tempo blockchain raised $500 million and is valued at $5 billion. Launched with the aim of improving transaction speed, it currently processes about 2.5 transactions per second, which is lower than Bitcoin’s throughput. Despite the significant funding, Tempo’s early adoption remains weak, highlighting challenges in competing with established networks.
Metaplanet has issued $50 million in bonds on April 24, 2026, to fund new Bitcoin acquisitions. This move aims to bolster its Bitcoin holdings and could influence corporate treasury strategies and market dynamics. The bond issuance highlights growing institutional interest in Bitcoin as a treasury asset and may impact Bitcoin's market behavior.
On April 23, 2026, IREN stock rose 7.5% to close at $52.02, driven by analyst optimism over its shift from Bitcoin mining to AI cloud infrastructure. The company’s revenue is projected to reach $1.01 billion this year and $2.92 billion in 2027, supported by a Microsoft deal and a build-out of 150,000 GPUs.
As of April 24, 2026, Bitcoin remains trapped within its bear flag pattern, showing no breakout since Wednesday. If Bitcoin does not break out by the end of the week, investor confidence could wane, potentially leading to a pullback. The ongoing stagnation raises concerns about whether this marks the top for Bitcoin in the current cycle.
Metaplanet has raised $50 million through zero-interest bonds from EVO FUND to increase its Bitcoin holdings. The funding, part of its capital markets-driven strategy, aims to expand its Bitcoin treasury. The bond issuance was announced in April 2026, reflecting Metaplanet’s ongoing efforts to leverage innovative financing to grow its Bitcoin assets.
Etherealize, backed by the Ethereum Foundation, predicts ETH could reach $250,000 before Bitcoin if it captures a share of gold and Bitcoin's monetary premium. The group suggests widespread institutional adoption, including pension funds and banks, is necessary. Currently priced around $2,300, ETH's potential growth hinges on market perception and supply dynamics, with staking reducing available supply to support higher prices.