<\/p>\n\n\n\n
Bitcoin climbed to a three-month high on Monday, propelled by a wave of recent buying in exchange-traded funds and long positions, although spot demand for the cryptocurrency continued to look soft.<\/p>\n\n\n\n
The world’s largest crypto rose 2.7% to $80,286.5 by 00:55 ET (04:55 GMT), capping a near 12% surge in April as it benefited from bargain hunting.<\/p>\n\n\n\n
Some progress toward the passage of a major U.S. regulatory bill also helped fuel sentiment, although the bill \u2014 the CLARITY Act \u2014 still appeared far from becoming law.<\/p>\n\n\n\n
Broader crypto prices also advanced on Monday. However, bigger gains were largely held back by lingering uncertainty over the Middle East war and the global interest rate outlook.<\/p>\n\n\n\n
Bitcoin’s gains throughout April were driven chiefly by strong capital inflows into major U.S.-listed exchange-traded funds.<\/p>\n\n\n\n
Data from aggregator SoSoValue revealed that net ETF inflows reached $1.97 billion in April \u2014 the highest level since October 2025, when Bitcoin last hit a record high.<\/p>\n\n\n\n
However, inflows still remained well below the average monthly levels seen throughout 2025. The ETF inflows also coincided with a strong performance in U.S. stock markets during April.<\/p>\n\n\n\n
Spot demand in the U.S., however, remained subdued. Bitcoin continued to trade at a discount on Coinbase \u2014 the largest U.S. exchange \u2014 relative to average global spot prices.<\/p>\n\n\n\n
This indicated that U.S. retail demand for the crypto remained weak, potentially signaling a turnaround after its recent performance.<\/p>\n\n\n\n
Strategy Inc \u2014 the world’s largest corporate Bitcoin holder \u2014 has paused its weekly Bitcoin buying activity this week, Chairman Michael Saylor announced in a statement.<\/p>\n\n\n\n
The move comes just ahead of Strategy’s first-quarter earnings, which are due on Tuesday. The company is expected to post a Q1 loss of $13.67 per share on revenue of $120.75 million, according to Investing.com forecasts.<\/p>\n\n\n\n
Strategy logged a deep, outsized loss in the fourth quarter due to declines in the value of its Bitcoin holdings.<\/p>\n\n\n\n
Broader crypto prices advanced in tandem with Bitcoin. Ethereum, the world’s second-largest cryptocurrency, rose 3.6% to $2,387.64.<\/p>\n\n\n\n
XRP and BNB each gained more than 2%, while Solana and Cardano added 2.3% and 1.9%, respectively.<\/p>\n\n\n\n
Among memecoins, Dogecoin jumped 4.6%, while $TRUMP rose 0.8%.<\/p>\n","protected":false},"excerpt":{"rendered":"
Key Takeaways Three-month peak: Bitcoin surged 2.7% to $80,286.5, riding a near 12% gain in April on bargain buying. ETF inflows roar: Net inflows into U.S.-listed spot Bitcoin ETFs hit $1.97 billion in April \u2014 the highest level since October 2025 when Bitcoin last hit a record. But still below 2025 average: Despite the strength, …<\/p>\n","protected":false},"author":9,"featured_media":99111,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,40,6827,49,36],"tags":[6904,7820],"class_list":["post-126639","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-market-updates","tag-bitcoin","tag-risk-appetite"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/126639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=126639"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/126639\/revisions"}],"predecessor-version":[{"id":126640,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/126639\/revisions\/126640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/99111"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=126639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=126639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=126639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}