{"id":2462,"date":"2026-04-17T21:26:40","date_gmt":"2026-04-17T21:26:40","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=2462"},"modified":"2026-04-17T21:26:40","modified_gmt":"2026-04-17T21:26:40","slug":"bitcoin-hits-10-week-high-as-rave-steals-spotlight-and-iran-reopens-strait","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/04\/17\/bitcoin-hits-10-week-high-as-rave-steals-spotlight-and-iran-reopens-strait\/","title":{"rendered":"Bitcoin Hits 10 Week High as RAVE Steals Spotlight and Iran Reopens Strait"},"content":{"rendered":"\n
\n
\"\"<\/figure>\n<\/figure>\n\n\n\n

The past week has been dominated by a new breakout star in crypto, RAVE, which has captured massive attention with explosive gains.<\/p>\n\n\n\n

Despite failed peace talks between the United States and Iran last weekend, optimism has returned as discussions continue, making it another highly active week for global markets and crypto.<\/p>\n\n\n\n

Bitcoin had already gained momentum following the earlier ceasefire announcement, but the failed talks pushed its price down to $70,500 by the end of the weekend. At the start of the new week, renewed optimism triggered a strong rebound, sending Bitcoin close to $75,000 within about a day and a half. After briefly facing resistance, it broke higher and surged past $76,000 by Tuesday.<\/p>\n\n\n\n

Selling pressure soon followed, dragging Bitcoin below $73,600 in a sharp pullback. However, the decline was short lived as prices quickly recovered to $75,600 after Donald Trump announced a ceasefire between Israel and Lebanon.<\/p>\n\n\n\n

The rally continued into Friday, with Bitcoin climbing to nearly $77,000, marking its highest level in about ten weeks. Another boost came shortly after Trump shared on Truth Social that Iran had reopened the Strait of Hormuz.<\/p>\n\n\n\n

As a result, Bitcoin\u2019s market capitalization has risen above $1.54 trillion, while its dominance over the broader crypto market has climbed past 57 percent.<\/p>\n\n\n\n

Among major altcoins, Ethereum gained around 6 percent, XRP rose 8 percent, and Dogecoin added about 6.5 percent over the week. However, RAVE outperformed all, surging roughly 1,500 percent in just a week and nearly 7,000 percent over the past month.<\/p>\n\n\n\n

On the downside, Zcash dropped more than 12 percent, with other declines seen in TAO, RAIN, and CC.<\/p>\n\n\n\n

Overall market capitalization now stands around $2.68 trillion, with daily trading volume near $126 billion and Bitcoin maintaining dominance above 57 percent.<\/p>\n\n\n\n

Key Developments This Week<\/strong><\/p>\n\n\n\n

Arthur Hayes analyzed how Bitcoin could perform under four possible outcomes of the Iran conflict, highlighting the ongoing influence of geopolitics on crypto markets.<\/p>\n\n\n\n

Strategy made a major move by acquiring nearly 14,000 BTC, bringing its total holdings close to 781,000 coins.<\/p>\n\n\n\n

BitMine Immersion Technologies expanded its Ethereum position to over 4.8 million tokens, now controlling more than 4 percent of the total supply.<\/p>\n\n\n\n

Deutsche B\u00f6rse purchased a $200 million stake in Kraken, valuing its parent company at $13.3 billion.<\/p>\n\n\n\n

Bitcoin developers also proposed a new upgrade aimed at protecting older wallet addresses from potential future risks linked to quantum computing.<\/p>\n\n\n\n

Meanwhile, traditional markets continue to outperform, with the S&P 500 reaching new record highs, while Bitcoin still trades more than 40 percent below its previous peak from last year.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The past week has been dominated by a new breakout star in crypto, RAVE, which has captured massive attention with explosive gains. Despite failed peace talks...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2462","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=2462"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2462\/revisions"}],"predecessor-version":[{"id":2464,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2462\/revisions\/2464"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=2462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=2462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=2462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}