Bitcoin don pass $77K as USDT supply and ETF flows dey boost di rally
Bitcoin (BTC) close di week pass $77,000 and don up 13.6% for April, aiming for im strongest level since early February. Traders dey link di move to better US equities sentiment and liquidity boost from Tether (USDT).
One key catalyst na say USDT supply don rise by about $5 billion inside two weeks, push total stablecoin market cap near $150 billion. Analysts dey see stablecoin expansion as new buying power we fit deepen crypto liquidity.
Short-term levels tight. Institutional sell pressure dey build above $79,000, and proper Bitcoin breakout likely need steady institutional buying, no be only short-covering. The next trigger na the upcoming Federal Reserve (FOMC) meeting and the spot Bitcoin ETF flows: if inflows continue, $79,000 fit flip from resistance to support and push price higher; if ETF demand fade, BTC fit slip back to $75,000–$77,000.
Geopolitical and oil-price risks still dey, but some traders dey less reactive now, show say Bitcoin price action dey driven more by liquidity and ETF flows than by headlines.
Bullish
Di tori news dey bias make Bitcoin go up because e combine liquidity tailwind (USDT supply +~$5B for two weeks) with near-term demand catalyst (spot Bitcoin ETF flows around the FOMC). Market dey hold above $77,000 and $79,000 na the critical inflection level: if ETF inflows continue through/after the Fed event, resistance at $79,000 fit turn to support, wey go improve chances for continuation rally.