Bitcoin climbs beyond 78,000 dollars after Trump extends truce

Bitcoin briefly touched 78,100 dollars after two very clear triggers: the extension of the truce with Iran announced by Donald Trump and Strategy’s new massive purchase. The market not only welcomed a geopolitical respite. It also regained an old reflex: to closely follow the return of large buyers.

A geopolitical easing that revives risk appetite

The first driver of the rise is political. On Wednesday, bitcoin was trading around 77,935 dollars, with an intraday high of 78,311 dollars, while Trump announced an extension of the truce with Iran to allow more room for talks. At the same time, US stock futures resumed their rise.

This type of reaction is not trivial. When geopolitical pressure eases, even temporarily, risky assets breathe a little better and institutions accumulate massively. Bitcoin thus benefits from a dual status. It remains speculative during stress phases but quickly becomes a performance asset again when the market starts seeking yield.

However, caution is advised. The truce is extended, not consolidated. Reuters still reported Wednesday that it remained unclear whether all parties would actually abide by this extension, and tensions around the Strait of Hormuz have not disappeared from the picture. Therefore, the market bought relief, not lasting peace.

Strategy gives a foundation to the rise

The other catalyst is much more concrete. Strategy added 34,164 BTC for about 2.54 billion dollars, its largest purchase since November 2024. The company now holds 815,061 bitcoins in reserve, with an average acquisition cost of 75,527 dollars. At this price level, its position modestly returns to positive territory.

What matters here is not only the size of the check. It’s the message it sends. When Strategy buys so heavily after a period of fluctuation, it turns a simple price recovery into a conviction signal. The market sees it as validation. Not an absolute certainty, but a stronger psychological floor.

This changes the reading of the movement. Without Strategy, the rise could have seemed like an opportunistic rebound on geopolitical news. With Strategy, it takes on another texture. It also becomes a story of absorbed supply, engaged treasury, and reinforced scarcity, which speaks much more to institutional investors.

Flows confirm that this is not just a technical rebound for bitcoin

The third element, more discreet but even more important, comes from flows. The latest weekly CoinShares report shows 1.4 billion dollars of net inflows into crypto investment products, the best week since January. Bitcoin captured 1.116 billion dollars, and Ether 328 million.

This detail changes everything, or almost. A rise fueled only by derivatives can exhaust quickly. A rise accompanied by flows to funds generally lasts longer because it reflects a broader and more disciplined demand. Here, the market did not just speculate on a geopolitical trigger. It put capital back to work.

CoinShares also notes that total assets under management rose back to 155 billion dollars. The United States dominated inflows, while Switzerland stood out with marked outflows. In other words, the movement is clear but not perfectly uniform. The rally exists. The consensus, however, is not total.

The future will therefore depend less on the figure of 78,000 dollars than on the credibility of the scenario supporting it. If the truce holds and flows remain sustained, the market can continue to advance. If the geopolitical front tightens again or institutional momentum falls, the awakening can be brutal. For now, Bitcoin has regained altitude. It still must prove it can stay there. Caution however: the expiration of 7.9 billion dollars in options could well reshuffle the market’s cards.