BTC Tops $79,000 For First Time In 11 Weeks As Volume Surges

The move has occurred across major pairs. BTC posted gains against the euro, yen, and pound in the same window.

Background

Bitcoin spent much of March and early April consolidating below $78,000. The $78,000 zone attracted significant liquidation interest from both long and short traders. Yellow.com (see prior Yellow coverage) at that level earlier this scan cycle. A prior report also noted that (see prior Yellow coverage). The current print above $78,700 extends that move.

Investor Sentiment

Investor Kevin O'Leary said Wednesday he has narrowed his crypto portfolio to Bitcoin and Ethereum (ETH) only, citing a lack of institutional durability in alternative tokens, according to Fox Business.

O'Leary's comments arrived on the same day BTC set its 11-week high. Separately, the Invesco Galaxy Ethereum ETF recorded $1.2 million in inflows on April 20, 2026, per TipRanks, indicating parallel accumulation in ETH as BTC leads the move higher.

What to Watch

The $80,000 level is the next widely watched resistance point. A close above that price would mark the highest weekly close for Bitcoin since early February.

ETF flow data for the week ending April 22, 2026 has not yet been fully aggregated, but early signals suggest net positive positioning from institutional products.

Steven Zeiler is Chief Evangelist at Yellow, working with builders to create real-time, non-custodial trading infrastructure using the Yellow SDK. A programmer, technologist, and entrepreneur, he previously worked for Ripple, where he helped architect peer-to-peer interbank payment prototypes and contributed to decentralizing the XRP Ledger through consensus tracking software.