Trump’s Cease Fire Call Escalates Bitcoin Trade Rate to $78,100
Bitcoin is trading at $78,100 that’s up to 2.2% over 24 hours and 4.3% rise on the week, after Trump extended the Iran ceasefire.
The current turn has seen the largest BTC purchase in 17 months of  $2.54 billion purchase of 34,164 bitcoins by Strategy.
Within the week, Ether rose 2.1% to $2,366, BNB climbed 1.3% to $640, and Solana gained 1.8% to $87. The only red in the top 10 was a trickle of 0.1% declines in stablecoins and Tron. On the rise as well were; S&P 500 futures rose 0.5% and Nasdaq 100 futures gained 0.6%.
Read Also: Effects of The Iran War on Crypto Prices!
Strategy’s Mass buy
This week saw Strategy make its biggest purchase since November 2024. The Firm bought 34,164 BTC at an average $74,395 per coin bringing the firm’s holdings to 815,061 BTC. After Trumps announcement the purchase is now in profit for the first time, given that average cost of purchase was $75,527.
Japan’s Trust on Crypto!
A Nomura survey reported that 65% of Japanese institutional investors now hold bitcoin for portfolio diversification. The country has at least 12 million active cryptocurrency holders with large stakes on Bitcoin and Ethereum. In the country Bitcoin remains as the top cryptocurrency with daily trading volumes exceeding $800, million and the country recognizes BTC as a legal property since 2017.
Whether bitcoin can hold $77,000 through the European session depends on how markets price the ceasefire extension against continued Strait of Hormuz disruption.
