Bitcoin is regaining color. The queen of cryptocurrencies is once again approaching $80,000, leading the entire market in its rise.
The price of Bitcoin has gradually recovered in recent weeks. Despite the geopolitical and economic tensions linked blocking the Strait of Hormuzthe queen of cryptocurrencies has gradually climbed to the threshold of $80,000. As a reminder, Bitcoin collapsed around $65,000 at the end of March 2026, following a cascade of liquidations stemming from rising tensions between the United States and Iran.
The entire cryptocurrency market has followed the same upward trajectory. The total capitalization of the sector, which had plummeted to around $2.4 trillion in early April in a climate of widespread panic, rebounded to exceed $2.62 trillion. We remain very far from the record of 4,000 billion dollars, which occurred in October 2025 when Bitcoin managed to touch 125,000 dollars.
In the wake of Bitcoin’s new rise, Michael Saylor, the CEO of Strategy, decided to invest again in the cryptocurrency, which he considers digital gold. He announced the acquisition of 34,164 BTC for approximately $2.54 billionat an average price of $74,395 per bitcoin, on behalf of his company. This mega-purchase followed an initial acquisition of 13,927 BTC for approximately $1 billion between April 6 and 12, 2026.
Also read: Bitcoin crash – this crypto platform blocks withdrawals because of “market conditions”
A sign of maturity
For Lukas Enzersdorfer-Konrad, CEO of the Bitpanda exchange, the return of Bitcoin to around $80,000 is “a clear sign of the maturity reached by the digital assets industry”. The manager believes that “despite its intrinsic volatility and exposure to macroeconomic factors, the market continues to demonstrate strong resilience across cycles”. Bitcoin, as well as the rest of the crypto ecosystem, is increasingly resistant to the vagaries of the financial markets.
That “reflects a more robust ecosystem, driven by better infrastructure, growing institutional participation and clearer regulatory frameworks that build confidence and attract long-term capital,” ajoute Lukas Enzersdorfer-Konrad.
Bitcoin stuck below $80,000
Over the weekend, Bitcoin attempted to break the $80,000 mark. The crypto climbed as high as $79,399, before dropping a few points. Other flagship cryptos on the market, such as Ether or Solana, have followed the same path. Asked by CoinDeskRachael Lucas, analyst at BTC Markets, emphasizes that the threshold of $80,000 constitutes a real psychological and financial wall for Bitcoin.
It is precisely at this price that many investors who bought Bitcoin in recent weeks, often during the decline, finally find themselves in the green. The investor’s natural reflex is to sell once reaching this threshold, which creates selling pressure which prevents Bitcoin from continuing to rise, at least for the moment.
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