Bitcoin, that brazen moth of finance, fluttered past the fabled $80,000 threshold on Monday’s pale dawn, reclaiming a psychological line whose memory still flickers like a candle in a draught. The ascent resumes a quiet romance with revival that began after February’s far-off lull near $60,000.
At 11:15 a.m. IST it was sashaying at $80,050, up 2.3 percent in the last twenty-four hours, its commerce a grand carnival of numbers-volume marching past $31.8 billion, according to TradingView’s gossip. The coin had opened at $78,200 and briefly flirted with $80,526 before settling near the breakout’s door.
Hours earlier, the president-our modern oracle of grandiloquence-Donald Trump proclaimed “Project Freedom” on Truth Social Sunday evening. He declared the U.S. would begin guiding stranded neutral cargo ships out of the Iranian-blocked Strait of Hormuz starting Monday, as if charting a course for a drama staged by fate and a budget of bravado.
Backed by U.S. Central Command with destroyers, aircraft and roughly 15,000 personnel, the operation aims to free vessels belonging to countries not involved in the theater of chaos. Trump warned that any interference would “have to be dealt with forcefully,” a sentence that sounds equally martial and theatrical, like a referee’s whistle at an opera.
While the strait remains closed and U.S.-Iran tensions persist, the announcement eased immediate fears over global oil flows. Oil futures fell below $100 a barrel in Asian trading, helping fuel a broader risk-on mood that spilled into cryptocurrency markets.
In the past few weeks, BlackRock’s iShares Bitcoin Trust continued to lead daily purchases. Separately, Strategy (formerly MicroStrategy) kept up its aggressive buying, acquiring more than 100,000 Bitcoin in March and April-including a single-week purchase of 34,164 coins for $2.54 billion in mid-April-pushing its holdings above 818,000 BTC and making it the world’s largest corporate holder.
The combination triggered a short squeeze and broke multi-week resistance, with traders noting thin sell orders above $80,000. This spike is a relief to investors as Bitcoin had been consolidating after last October’s record high of $126,198 and a sharp post-peak correction.
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2026-05-04 08:54