Bitcoin Up 12% in April, Tests 80,000 on ETF Inflows

Bitcoin concluded April 2026 with a gain of approximately 12 percent, its strongest monthly performance since April 2025, and entered May trading above 78,000 as it tests resistance near 80,000 for the second time in a week.

The cryptocurrency rose from around 66,000 at the start of April to near 78,000 by month's end, according to market trackers. This marked the second consecutive green monthly candle after five straight declines, lifting the total crypto market capitalization to about 2.68 trillion. Trading analysts noted the 80,000 level as a critical barrier, with a decisive break potentially signaling further upside.

Driving the momentum were robust inflows into U.S. spot Bitcoin exchange-traded funds, which recorded net investments between 1.97 billion and 2.44 billion for April, nearly doubling March's 1.32 billion figure. BlackRock's iShares Bitcoin Trust captured more than 70 percent of those flows, pushing total assets under management across spot Bitcoin ETFs close to 102 billion. Earlier in the year, ETF outflows had exacerbated Bitcoin's correction, but April's data indicates institutions reallocating capital.

Institutional adoption extended beyond ETFs. Alberta...