Bitcoin Surges to $78,100 Following Trump's Ceasefire Extension and Strategy's $2.5 Billion Investment

Bitcoin has broken through the uncertainty surrounding the Iran situation, reaching $78,022.93. The cryptocurrency's price rose 2.2% in 24 hours and 4.3% over the week after President Trump announced an indefinite extension of the Iran ceasefire and Strategy revealed a substantial purchase of 34,164 BTC, valued at $2.54 billion. Other cryptocurrencies, including Ether, BNB, and Solana, also saw gains, while the S&P 500 futures and Nasdaq 100 futures increased by 0.5% and 0.6%, respectively. Trump attributed the breakdown in negotiations to a 'seriously fractured' leadership in Tehran and stated that the US would maintain its blockade while holding off on new attacks. Strategy's purchase is its largest since November 2024, bringing its total BTC holdings to 815,061, with an average cost basis of $75,527. The position is now marginally profitable for the first time in months. Global crypto funds saw significant inflows, with $1.4 billion invested last week, according to CoinShares. Bitcoin accounted for $1.12 billion of these inflows. Two key indicators suggest a positive trend: Bitcoin is now trading above the realized price of short-term holders, reducing the likelihood of a sharp decline, and a Nomura survey found that 65% of Japanese institutional investors hold bitcoin for diversification purposes, with 31% viewing the market outlook positively.