{"id":96421,"date":"2026-04-22T20:05:19","date_gmt":"2026-04-22T17:05:19","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=96421"},"modified":"2026-04-22T20:10:31","modified_gmt":"2026-04-22T17:10:31","slug":"bitcoin-surges-past-79000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-surges-past-79000\/","title":{"rendered":"Bitcoin Surges Past $79,000"},"content":{"rendered":"

In the past 24 hours, the price of the leading cryptocurrency has risen by 4.7%. At the time of writing, the asset is trading at its highest level since the end of January \u2014 around $79,300.\u00a0<\/p>\n

\"Bitcoin
Hourly chart of BTC\/USDT on Binance. Source: TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n

Ethereum has increased by 4.4% to $2400. BNB has gained nearly 2.9% (~$650), while Solana<\/a> has risen by 2.7% (~$88).\u00a0<\/p>\n

\"Top
Source: CoinMarketCap<\/a>.\u00a0<\/figcaption><\/figure>\n

In the past day, the volume of liquidations in the crypto market reached $480.3 million. The majority \u2014 $375 million \u2014 was in short positions.\u00a0<\/p>\n

\"Liquidation
Source: CoinGlass<\/a>.\u00a0<\/figcaption><\/figure>\n

The macroeconomic backdrop has also become favourable: the S&P 500 rose by 0.8%<\/a>, and the Nasdaq gained 1.3%<\/a>, reaching a record high.\u00a0<\/p>\n

The growth followed a statement by US President Donald Trump. NYP<\/a> reported, citing sources, that the head of the United States is ready to give Iran up to five days of truce to prepare for negotiations. The next meeting could take place on April 24.\u00a0<\/p>\n

However, Tehran has not yet made a final decision, writes Tasnim<\/a>. Uncertainty remains around the Middle East situation. The US maintains a blockade, and the Strait of Hormuz remains closed.\u00a0<\/p>\n

A “Fragile” Situation\u00a0<\/h2>\n

QCP considers<\/a> the bitcoin rally temporary and does not expect a trend change. According to analysts, risky assets “feel more confident” only due to the extension of the truce and the position of Federal Reserve chair candidate Kevin Warsh, who confirmed the full independence of the agency.\u00a0<\/p>\n

Oil prices remain around $100: markets have shifted from shock risk to assessing resilience. This fuels inflation but simultaneously reduces real incomes and weakens consumption, restraining growth, experts noted.<\/p>\n

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“Negative funding rates indicate an increase in short positions. Such positioning makes the market tactically vulnerable to <\/em>short squeezes<\/em><\/a>, but does not indicate a decisive change in sentiment,” noted QCP.\u00a0<\/em><\/p>\n<\/blockquote>\n

The options market also does not confirm a confident breakout. Short-term volatility remains low, and downside protection is still in demand.<\/p>\n

Derivatives suggest consolidation rather than trend development \u2014 institutional players do not show decisive confidence, specialists concluded.\u00a0<\/p>\n

A Crucial Level\u00a0<\/h2>\n

K33 also pointed to the growth of short positions, which increases the likelihood of a short squeeze. The head of research at the analytical company, Vetle Lunde, is more confident in the continuation of the rally of the leading cryptocurrency.\u00a0<\/p>\n

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Bitcoin prices and funding rates are diverging. While BTC trends higher, funding continues to fall, with 7-day rates on par with February lows alongside rising open interest. This setup increases the likelihood and potential magnitude of a short squeeze.https:\/\/t.co\/a8zvNEgACj<\/a><\/p>\n

\u2014 K33 Research (@K33Research) April 21, 2026<\/a><\/p><\/blockquote>\n