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Bitcoin surges 13% in April, fueled by $5B USDT growth and strong earnings, eyes $79K resistance ahead of Fed meeting

Market News
24 Apr 2026
Coindesk
View Source
Bullish
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Bitcoin has risen over 13% in April, marking its best monthly performance in a year, supported by a $5 billion increase in Tether's USDT stablecoin supply, which boosts liquidity in crypto markets. The broader market recovery, including strong U.S. equities, has helped overshadow geopolitical tensions like the Iran conflict. Bitcoin is currently consolidating above $77,000 and faces a key resistance level at $79,000, with the upcoming Federal Reserve meeting expected to influence whether the rally continues or stalls. Sustained institutional demand will be crucial for a breakout beyond this level, while profit-taking and short covering could limit gains.

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