The expert named the reasons for the growth of bitcoin in April by 11%

April 2026 was a month of contrasts for the cryptocurrency market: despite external pressure and macroeconomic instability, bitcoin showed steady growth. This was announced to Izvestia on April 30 by Alexander Baryshnikov, the manager of the Mining fund at Record Capital Management Company.

By the end of the month, the first cryptocurrency gained 11.4% and was trading around $76,079 on April 30. During the month, the price ranged from $65,712 to $79,485. The key technical event was the breakdown of the descending trend line from the historical maximum of $126,199, which, according to experts, opened up the potential for further movement to the level of $79,485 and above.

Institutional investors provided significant support to the market. According to analysts, in April alone, spot Bitcoin ETFs recorded a net inflow of $1.95 billion. Major players continued to build up their positions: Strategy increased its reserves to 818,334 BTC, surpassing BlackRock in terms of direct investments in cryptocurrency.

"An additional support factor was the change in the regulatory background in the United States. The head of the SEC, Paul Atkins, announced the end of the period of "regulation through enforcement," which was perceived by the market as a signal to ease pressure on digital assets," the expert said.

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However, bitcoin's growth has been accompanied by ongoing geopolitical tensions. The situation around the Strait of Hormuz and high oil prices kept Brent above $100 for most of the month, reinforcing inflation expectations and limiting the space for monetary policy easing by the Fed. At the meeting on April 28-29, the regulator kept the rate in the range of 3.50–3.75%, while the Fed's rhetoric left the markets in a state of uncertainty.

Against this background, the index of fear and greed in cryptocurrencies remained in the "fear" zone, fluctuating between 27-34 points. According to experts, repeated attempts to gain a foothold above the level of $79.5 thousand did not lead to a sustained breakdown, which indicates a weakening of the short-term growth momentum.

In the future, analysts remain cautiously optimistic. Securing bitcoin above $80,000 could open the way to the levels of $83,620, $86,850 and $90,000. However, in the absence of a geopolitical de–escalation and progress in negotiations on key international issues, a correction to the range of $73,000-$74,000 is possible..

According to Baryshnikov, institutional demand through ETFs forms a stable "lower bound" of the market, but it is geopolitics that continues to determine the upper limit of bitcoin's value, which makes the macro environment a key factor in further dynamics.

Alexey Mokrov, an expert on financial markets and founder of CryptoBotPro LLC, said on April 25 that it is important for investors to distinguish stable market trends from financial bubbles, since even promising technologies do not protect against losses. According to him, there are two realities in the crypto market at the same time — technological and speculative. The first is related to the development of blockchain technologies, tokenization of assets, and the introduction of digital currencies, including the digital ruble. The second is with high—risk tools such as memecoins and projects without a transparent model.