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Bitcoin price tops $78,000 on Trump ceasefire extension, Strategy's $2.5 billion buy

Strategy’s 34,164-bitcoin purchase and easing Middle East tensions helped drive the cryptocurrency to its highest level since early February.

  • Bitcoin rose 3.6% to $78,400 on Wednesday, April 22, 2026, its highest price since February 3, after President Donald Trump extended the US-Iran ceasefire indefinitely.
  • President Trump announced the extension on Tuesday after requests from Pakistani Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, while ordering the Military to maintain the Strait of Hormuz blockade.
  • Strategy disclosed a purchase of 34,164 BTC for $2.54 billion, bringing the firm's total holdings to 815,061 BTC bought for $61.6 billion at an average cost basis of $75,527.
  • The ceasefire remains fragile as Trump described Tehran's leadership as "seriously fractured" while awaiting a unified proposal, even as broader market sentiment turned positive.
  • Global crypto funds pulled in $1.4 billion last week according to CoinShares, the strongest week since mid-January, as a Nomura survey found 65% of Japanese institutional investors now hold Bitcoin for portfolio diversification.
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TokenPost broke the news on Tuesday, April 21, 2026.
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