Tuesday 14/April/2026 – 09:36 AM
Registered currency Bitcoin Its highest level in 4 weeks, driven by higher demand for risk assets as hopes grow for an agreement between the United States and Iran.
The currency rose by 3% to reach the $75,000 barrier before reducing its gains, while the ether currency rose by about 5% to $2,400, according to agencies.
Despite the positive performance, Bitcoin is still moving within a limited range since its decline from its peak at $126,000, with the market needing to break through higher levels to enhance the upward trend.
Positive investments from financial institutions
This comes at a time when cryptocurrency trading funds recorded positive investments from financial institutions of about $600 million on Friday and Thursday and a reluctance from individual investors towards high-risk assets.
On the other hand, Strategic Company’s quarterly data showed unrealized losses amounting to $14.5 billion as a result of the decline in the price of Bitcoin, while the company purchased more than 46 thousand Bitcoins during the first quarter, which is equivalent to 3 times the amount of currency mined during the same period.
It is noteworthy that the company owns about 767 thousand Bitcoins at an average price estimated at $75,600, and the company’s founder, Michael Saylor, hinted that he will buy a larger amount of Bitcoins soon.
