- Bitcoin price is starting to rise again, surpassing the critical level of $77k.
- This rise in BTC prices is driven by the rise in ETFs and the decline in the US-Iran war.
- BTC’s next target is $80K, according to experts.
The price of Bitcoin is experiencing a new interest rate. The crypto currency is now on the rise, outperforming the broader crypto market. Interestingly, the recent BTC price rally is supported by a strong mix of institutional and changing global sentiment. After a very difficult period, BTC is now recovering.
One of the factors driving Bitcoin’s price today is the steady flow into ETFs, led by BlackRock’s IBIT. At the same time, the easing of tensions between the US and Iran also affected the price movement. With the return of institutional funds and the cooling of major risks, BTC finds solid support, opening the door for a possible move in the near future.
Bitcoin Price Is Rising Today; Here’s Why
The cryptocurrency pioneer is now showing a strong return, after several weeks of decline amid political tensions. According to CoinMarketCap priceThe price of BTC has been showing a better performance than other cryptocurrencies, with a daily increase of 3.15%.
Currently, the price stands at $77,138. It has increased dramatically by 6% in the last week and 9% in the last month. This positive momentum can also be seen in the sales volume. So, it shows that people will start buying more BTC. The 24-hour volume is $52.98 million, which shows an increase of 35%. However, why the price of BTCBTC3.29% get together?
ETF funds
The main reason for this trend is the increasing popularity of Bitcoin ETFs. Institutions are also investing in the market through managed funds, with big players like BlackRock leading the way.
As in CoinGlass dataBitcoin ETFs have seen a notable investment of $663.90 million on April 17. This brings the total amount to $58.15 billion. Reportedly, asset manager BlackRock is leading the trend, collecting BTC for eight straight days. In X’s post, Bitcoin Archive reported that BlackRock’s IBIT bought $284 million BTC on April 17, bringing the total purchase to an astonishing $1.34 billion in just eight days. This growing interest greatly supports the value of Bitcoin.
Reducing Geopolitical Problems
Along with the increased interest in institutions, the easing of tensions in the Middle East is also helping BTC to recover. Recent developments in the US-Iran war show that there is hope for a slowdown.
Iran said the country would “fully open” the Strait of Hormuz to commercial ships to end the blockade. Iran’s Foreign Minister Abbas Araghchi said: “The passage of all merchant ships through the Strait of Hormuz has been declared open for the remainder of the ceasefire.” This has significantly lowered oil prices, and strengthened the value of Bitcoin.
What’s Next for BTC Price?
Recently, expert Ted gave a technical analysis of the price of Bitcoin. According to him, the money is close to a cow that can run like BTC crossed the important level of $75kwhere he was constantly rejected before. The move shows that buyers are re-entering after the consolidation period.
$BTC it is back above the $75,000 level.
The key area for Bitcoin is currently $76,000 and a reversal could push BTC to the $78,000-$80,000 area.
This is where I go in brief on Bitcoin. pic.twitter.com/alakTzi1IQ
— Ted (@TedPillows) April 17, 2026
According to Ted, the next important level was $76k. He said that if Bitcoin can break and hold above this level, it could open the door to $78K-$80K. Like BTC has already reached $77kbeyond this level, a meeting is possible.
