Crypto market recap: BTC pulls back from 12-week high near $79,400
Bitcoin reached a 12-week high near $79,400 but failed to break through the $79,000 resistance for the third time in eight trading sessions. The cryptocurrency has since retreated and is currently trading around $77,786, down 0.3% over the past 24 hours.
Highlights
- Bitcoin hit a 12-week high of $79,400 before pulling back to around $77,786 (−0.3% in 24 hours).
- Ethereum is trading near $2,323 (−0.3% in 24 hours).
- The Fear & Greed Index is at 47, still indicating fear but trending slightly higher.
Market performance
Ethereum also posted modest losses, trading near $2,323 after declining 0.3% in the last day.
The Crypto Fear & Greed Index stands at 47, remaining in the “Neutral” zone, although it has shown slight improvement in recent days.
Geopolitics gave a short-term boost but did not remove risks
The brief crypto rally coincided with reports of a possible agreement between Iran and the United States on reopening the Strait of Hormuz. This temporarily improved risk appetite, and itcoin attempted to extend its move higher.
However, the effect was limited. Brent crude reduced its earlier gains after an initial jump, while the crypto market quickly returned to waiting for macroeconomic signals. This week, investors are watching decisions from the Federal Reserve and the European Central Bank, as well as earnings reports from major technology companies. These events could determine whether Bitcoin gets a catalyst to break out of its current range.
Reasons Behind the Pullback
Analysts point to the $80,000 level as a significant psychological barrier and breakeven zone for many recent buyers. This has created strong selling pressure as traders who entered positions at higher levels look to exit near break-even.
BTC price dynamics (April 2026). Source: TradingView
Despite a solid 16% gain in April, Bitcoin’s upward momentum has stalled. The latest reversal comes amid ongoing geopolitical uncertainty related to Iran and a stronger U.S. dollar.
Technical and macro outlook
The $80,000 level remains a critical resistance. A decisive break above it could open the door for further gains, but the market is currently showing caution.
Institutional interest remains intact, with continued inflows into spot Bitcoin ETFs, yet short-term price action is heavily influenced by macroeconomic and geopolitical developments.
Earlier, we reported that BTC and ETH face pressure ahead of major options expiry.
Latest Bitcoin News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
