Bitcoin climbs above $78,000 after Trump extends ceasefire

The Bitcoin briefly touched $78,100 after two very clear triggers: the extension of the truce with Iran announced by Donald Trump and the new massive purchase by Strategy. The market not only welcomed a geopolitical respite but also rediscovered an old reflex: closely following the return of major buyers.

In brief

– Bitcoin rises thanks to the combined return of macro and institutional purchases. – The extended truce has calmed the market, without erasing geopolitical risk. – Strategy and the flows into funds give more weight to the rise.

A geopolitical thaw that reignites the taste for risk

The first driver of the rise is political. On Wednesday, bitcoin was trading around $77,935, with an intraday high of $78,311, while Trump announced an extension of the truce with Iran to allow more room for discussions. At the same time, futures contracts on American stocks headed higher.

This type of reaction is not trivial. When geopolitical pressure eases, even temporarily, risky assets breathe a little better, and institutions accumulate massively. Bitcoin then benefits from a dual status. It remains speculative in times of stress but quickly becomes a performance asset when the market starts seeking returns again.

However, caution is needed. The truce is extended, not consolidated. Reuters reported on Wednesday that it was unclear whether all parties would actually follow this extension, and tensions around the Strait of Hormuz have not disappeared. The market therefore bought relief, not lasting peace.

Strategy provides a foundation for the rise

The other catalyst is much more concrete. Strategy added 34,164 BTC for about $2.54 billion, its largest purchase since November 2024. The company now holds 815,061 bitcoins with an average acquisition cost of $75,527. At this price level, its position modestly returns to positive territory.

What matters here is not just the size of the check. It’s the message it sends. When Strategy buys back strongly after a period of uncertainty, it turns a simple price recovery into a signal of conviction. The market sees it as validation. Not an absolute certainty, but a more solid psychological floor.

Flows confirm that this is not just a technical rebound for Bitcoin

The third element, more discreet but even more important, comes from the flows. The latest weekly report from CoinShares shows $1.4 billion in net inflows into crypto investment products, the best week since January. Bitcoin captured $1.116 billion, and Ether $328 million.

This detail changes everything, or nearly everything. A rally fueled only by derivatives can quickly exhaust itself. A rally accompanied by flows into funds generally holds up better in the long run because it reflects broader and more disciplined demand. Here, the market did not just speculate on a geopolitical issue. It put capital back to work.

CoinShares also notes that the total assets under management have risen to $155 billion. The United States dominated the inflows, while Switzerland was the exception with marked outflows. In other words, the movement is clear but not perfectly uniform. The rally exists. The consensus, however, is not unanimous.

The future will depend less on the $78,000 figure than on the credibility of the scenario that supports it. If the truce holds and the flows remain strong, the market can continue to move forward. If the geopolitical front tightens again or if institutional momentum fades, the awakening could be harsh. For now, Bitcoin has regained altitude. It still needs to prove it can stay there. However, caution is advised: the expiration of $7.9 billion worth of options could reshuffle the cards in the market.