Bitcoin is trading firmly above $78,000 on April 27, 2026, its highest level since early February, as four consecutive weeks of institutional inflows, a record-breaking corporate treasury acquisition, and improving macro sentiment converge to keep bulls in control ahead of a pivotal Federal Reserve decision.
Crypto ETPs Record $1.2B Inflows for Fourth Straight Week
Cryptocurrency exchange-traded products attracted $1.2 billion in net inflows last week, extending their positive run to four consecutive weeks, according to CoinShares’ weekly Digital Asset Fund Flows report published Monday. The four-week cumulative total has now reached approximately $3.9 billion, surpassing a previous four-week streak of $2.9 billion seen in March.
Total assets under management across global crypto ETPs rose to $155 billion, their highest reading since February 1, as Bitcoin traded above $76,000 for the first time since its early-year correction.
CoinShares head of research James Butterfill linked the sustained inflow trend to improving institutional demand, though he noted that the upcoming FOMC meeting on April 28-29 is likely contributing to some caution at the margin.
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Bitcoin led all assets with $932.5 million in weekly inflows, pushing year-to-date flows to $4 billion. U.S.-listed spot Bitcoin ETFs alone recorded approximately $824 million of those inflows over the week, according to SoSoValue data. Ether ETPs ranked second with $192 million, their third consecutive week above that threshold, while XRP funds snapped two weeks of outflows to return to positive territory.
Blockchain equity ETFs also hit a record week of inflows, with the three-week total for that segment reaching $617 million. The United States accounted for $1.1 billion of the global weekly total, with Germany and Switzerland each adding smaller but meaningful contributions.
Strategy Surpasses BlackRock After $2.54 Billion Bitcoin Purchase
A major corporate acquisition has further shifted the institutional Bitcoin landscape this month. Strategy, the Michael Saylor-led firm formerly known as MicroStrategy, disclosed on April 20 that it acquired 34,164 Bitcoin between April 13 and April 19, paying an average of $74,395 per coin for a combined outlay of $2.54 billion.
The purchase was funded primarily through the sale of $2.18 billion worth of STRC perpetual preferred shares, with the remainder financed through common stock proceeds.
The acquisition lifted Strategy’s total holdings to 815,061 BTC, accumulated for approximately $61.56 billion at an average cost of $75,527 per coin, and pushed the firm past BlackRock’s iShares Bitcoin Trust to become the world’s largest institutional Bitcoin holder for the first time since the second quarter of 2024.
Strategy now controls more than 3.8% of Bitcoin’s fixed 21 million supply. On April 26, Saylor posted his firm’s updated Bitcoin purchase history chart on X with the caption “The Beat Goes On”, a move that has reliably preceded a new acquisition across all 107 of Strategy’s BTC purchases since 2020.
$80,000 in Sight as FOMC Looms
Bitcoin has tested the $78,000 level multiple times in April but has so far found strong resistance before clearing $80,000 decisively. Analysts note that approximately $180 million in short positions are positioned between $77,000 and $78,000, meaning a sustained daily close above this band could trigger a wave of forced liquidations that propels price toward the next resistance at $80,000.
A confirmed break above that level would target the $83,000-$85,000 zone, where several market watchers have placed their near-term bull case. On the downside, the $75,000 level has held firm as support across multiple retests and remains the key line to watch if market sentiment turns.
The macro event to watch out this week would surely be the FOMC Meeting on April 28-29. Market pricing at present indicates near-universal expectation of no rate change, with federal funds rate remaining at a range of 3.50%-3.75% amid enduring inflation concerns.
The price of Bitcoin could move toward $80,000 if Fed Chair Jerome Powell adopts a dovish tone. On the flip side, a hawkish statement could pull further down to the low end of its recent range.
