Iran plans to charge Bitcoin fees for ships passing through the Strait of Hormuz, with BTC trading at around $78,328, up 2.71%. The move signals increased geopolitical interest in crypto, amid broader tensions and blockchain discussions. Support levels are at $76,132, with resistance at $78,935, as Iran explores crypto's role in regional trade.
Bitcoin reached $78,000, with the short-term holder (STH) cost basis at $80,700, close to the recent rally. The STH Realized Price indicates the average purchase price of investors holding BTC for less than 155 days. Since Q4 2025, Bitcoin has traded below this level, reflecting a decline in the cost basis amid recent price fluctuations.
Ethereum's price peaked at $2,424 on April 21 but faced resistance above $2,400, leading to a correction. Currently trading above $2,320, ETH remains above key support levels and could resume gains if it breaks above $2,420. The market's momentum is fading, with traders watching for a clear move past resistance to confirm further upside.
Crypto analyst Daphne suggests consistent small daily investments in XRP and Bitcoin could lead to significant gains by 2030. She advocates dollar-cost averaging, emphasizing discipline and personal custody. With Bitcoin near $78,900 and XRP at $1.45, supporters believe steady investing could outperform most market timing strategies, potentially reaching Bitcoin’s $1 million target and boosting long-term wealth.
Bitcoin neared $80,000 on April 23, as it surged past $77,500 and reached a high of $79,490. The cryptocurrency is consolidating above $77,200, with resistance at $78,500 and potential for further gains if it stays above key support levels. A close above $79,200 could push Bitcoin toward $80,000, attracting fresh buying interest.
In April, Bitcoin's price dipped below $60,000, but traders' expectations of a further decline have decreased, indicating a shift in market sentiment. Despite geopolitical tensions, the odds of a significant drop are now lower as traders price out the possibility of a major dip. This suggests increased confidence in Bitcoin's stability amid ongoing market volatility.
Bitcoin is trading around $78,286, below the $79,000 resistance, signaling a consolidation phase after a sharp rebound. Market data indicates profit-taking and a rotation into a supply zone, suggesting traders are cautious. The decline from the all-time high of nearly $126,038 is about 37.89%, but the market shows signs of stabilization.
