Bitcoin holds in the $78,000 range…markets eye rate event
Amid growing uncertainty surrounding a second round of ceasefire talks between the United States and Iran, Bitcoin (BTC) is continuing to trade within a narrow range around $78,000.
As of 9 a.m. on April 27, the price of Bitcoin on Bithumb stood at $78,885.14, up 0.61% from the same time a day earlier.
At the same time, Bitcoin traded at $78,735 on CoinMarketCap, up 1.42% from a day earlier.
With no confirmed schedule for the second round of ceasefire talks between the United States and Iran and negotiations remaining at a standstill, investors are maintaining a wait-and-see stance rather than actively buying. Continued uncertainty in U.S.-Iran negotiations is making it difficult to establish short-term market direction.
This week, however, is considered a “super week” that could impact global financial markets, with monetary policy meetings by major central banks, including the United States, and earnings announcements from big tech firms scheduled. As a result, volatility in the cryptocurrency market may increase.
In particular, the U.S. Federal Open Market Committee (FOMC) meeting at the end of the month is being closely watched as a potential turning point for Bitcoin. Analysts say the market direction could hinge on signals regarding interest rates at the April 28–29 meeting.
“Bitcoin will continue”…Michael Saylor hints at additional purchases
Michael Saylor, chairman of Strategy, has drawn market attention by signaling the possibility of additional Bitcoin purchases.
According to foreign media reports on April 26, Saylor posted a message on his X (formerly Twitter) account saying, “Bitcoin will continue,” along with a related image.
He has previously posted similar signals ahead of purchases, leading investors to interpret the message as a precursor to further accumulation.
“Passage in May, signing in June expected”…Novogratz optimistic on ‘Clarity Act’
Mike Novogratz, CEO of Galaxy Digital, has strongly suggested the possibility of early passage of U.S. digital asset regulation legislation.
According to foreign media reports on April 26, Novogratz said in a recent podcast that the “Clarity Act” could pass committee procedures in early May and be signed by President Donald Trump in June.
He emphasized the likelihood of swift legislation, saying both Democrats and Republicans recognize the need for the bill’s passage.
He added that once the bill is passed, assets of global companies such as SpaceX and Google could be tokenized and sold to investors worldwide.
“Resilient despite $13 billion TVL drop”…DeFi recovery highlighted
Despite a sharp decline in total value locked (TVL) in decentralized finance (DeFi) following the recent KelpDAO hack, the DeFi ecosystem is still considered resilient.
According to CoinDesk on April 26, the $13 billion drop in TVL was attributed to the liquidation of leveraged positions rather than actual capital losses, and short-term fund outflows from platforms such as Aave are not seen as structural issues.
It added that DeFi has survived past crises, including the Terra and Luna collapse, and the impact of the latest shock is likely to remain limited.