Bitcoin flips past $77K
- Bitcoin traded around $77,000 on April 29 after touching $79,000 earlier this week, extending a four-week rally into the Bitcoin 2026 conference. - CoinGlass showed about $6.9 million in 24-hour Bitcoin short liquidations on April 29, while BlackRock’s IBIT posted a $112.3 million daily outflow. - The move followed four straight weeks of spot Bitcoin exchange-traded fund inflows before this week’s pullback. (farside.co.uk)
Bitcoin was trading near $77,000 on Wednesday, April 29, after briefly touching $79,000 as the Bitcoin 2026 conference opened in Las Vegas. (finance.yahoo.com) (news.bitcoin.com) The Las Vegas event began April 27 at the Venetian Resort, where organizers said more than 40,000 people were expected across three days of programming. Speakers included Securities and Exchange Commission Chair Paul Atkins, Senator Cynthia Lummis, Michael Saylor and Arthur Hayes. (news.bitcoin.com) Bitcoin closed at $77,361 on April 27 and $76,345 on April 28, according to CoinGecko’s historical data, showing the rally has stalled below $80,000. Yahoo Finance quoted bitcoin near $77,219 early April 29. (coingecko.com) (finance.yahoo.com) One force behind the swings is leverage, which is borrowed money used by traders to amplify bets. CoinGlass showed about $6.85 million in bitcoin short liquidations over the previous 24 hours on April 29, meaning bearish positions were forced closed as prices rose. (coinglass.com) The bigger liquidation tally on April 29 was on the long side, not the short side. CoinGlass listed roughly $40.34 million in bitcoin long liquidations over 24 hours, reflecting the pullback after the earlier run toward $79,000. (coinglass.com) Spot Bitcoin exchange-traded funds had been a major support in the prior week. Bitcoin.com News reported $824 million in net inflows for the week of April 20 through April 24, the fourth straight weekly gain. (news.bitcoin.com) That support weakened at the start of this week. Farside Investors’ daily table showed BlackRock’s iShares Bitcoin Trust, ticker IBIT, recorded a $112.3 million outflow on April 28, contributing to a daily total outflow of $171.1 million across U.S. spot bitcoin funds. (farside.co.uk) CoinMarketCap’s April 28 market note said bitcoin was down 0.74% over 24 hours to $76,555 and tied the move to geopolitical uncertainty and institutional profit-taking. It also said bitcoin’s recent trading showed a high correlation with the Standard & Poor’s 500 stock index. (coinmarketcap.com) For now, the market is holding the high-$70,000 range rather than breaking cleanly through $80,000. The conference-week spike is still visible on the chart, but the latest numbers show ETF outflows and long liquidations replacing the earlier squeeze on shorts. (finance.yahoo.com) (farside.co.uk) (coinglass.com)
