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BTC Rally Tops $79K
BTC climbed above $79,000 on Wednesday, hitting its strongest level since early February. The asset rose 4.5% over 24 hours, dragging Ethereum (ETH), Solana (SOL) and XRP (XRP) higher with it.
Crypto-linked stocks joined the move. Strategy jumped 10%, while Circle added 9% and Coinbase gained 6%.
"We continue to see strong breakout potential for BTC, with concentrated shorts providing ample fuel for a move higher," K33 analyst Vetle Lunde said.
The rally followed Donald Trump's remark late Tuesday that he would extend the Iran ceasefire while keeping a naval blockade of the Strait of Hormuz. BTC had spent most of early 2026 range-bound between $70,000 and $76,000, with a Q1 drop from roughly $90,000 to $68,000 weighing on sentiment before the April breakout.
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Alexey Bondarev is the Head of Content at Yellow.com, having reported on crypto for the last 10 years. He specializes in in-depth Research and Learn pieces, with a focus on analytical reporting, industry context, and the bigger forces shaping crypto, from the AI era and security technologies to fintech innovation. He believes that everything digital will imminently overcome everything analogue and is working hard to make that come true.
