[Bitcoin Now] Briefly Recovers $79,000 Amid Ceasefire Negotiation Hopes

by Ryu Hyunseok

Published 27 Apr.2026 15:03(KST)

Bitcoin surged to as high as $79,000 at one point. This rise is believed to have been influenced by expectations of a ceasefire agreement between the United States and Iran.

Yonhap News Agency

According to global cryptocurrency tracking site CoinMarketCap, as of 2:51 p.m. on April 27, one Bitcoin (BTC) was trading at $77,806.73. This represents a 0.31% decrease compared to 24 hours ago. However, Bitcoin did surpass $79,000 at one point. Among altcoins (cryptocurrencies other than Bitcoin), Ethereum was at $2,321, Ripple (XRP) at $1.41, and BNB at $628.82.

Bitcoin dropped to around $67,000 on February 28, when the United States and Israel first launched airstrikes against Iran, and then hovered between $65,000 and $70,000 for a while. However, since the beginning of this month, Bitcoin has shown a steady upward trend as optimism surrounding ceasefire negotiations between the United States and Iran has been reflected in the market.

Market watchers attribute the rise on this day to growing expectations that negotiations between the United States and Iran could continue. Axios reported that Iran, through Pakistani mediators, proposed to first open the Strait of Hormuz and then declare an end to hostilities, followed by subsequent nuclear negotiations.

Recently, Bitcoin has been approaching the $80,000 level again, supported by short position liquidations and a recovery in institutional demand. Since the beginning of this month, Bitcoin’s increase has exceeded 16%. It is now highly likely that Bitcoin will post a double-digit monthly gain for the first time since May 2025.

Demand for spot Bitcoin exchange-traded funds (ETFs) listed in the United States has also clearly rebounded this month. The net inflow for April is about $2.5 billion, nearly double the total for March. After four consecutive months of net outflows, institutional investors have returned to these funds since March.

However, some analysts suggest that Bitcoin’s upward momentum could face resistance near the $80,000 level. Rachel Lucas, an analyst at BTC Markets, told Bloomberg, "The $80,000 mark is where a significant number of investors who recently bought Bitcoin will break even," adding, "In this range, it is common for investors to unwind their positions, increasing selling pressure."