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Bitcoin Pulls Back From $78K As Persian Gulf Risk Trumps Institutional Bid

Price ActionMarket Sentiment
April 23, 2026
1 min read
Bitcoin Pulls Back From $78K As Persian Gulf Risk Trumps Institutional Bid

Crypto markets sold off broadly on Thursday as traders booked profits after a week-long rally that had pushed Bitcoin back toward $80,000.

Bitcoin is changing hands at $77,955, down 1.1% over the past 24 hours, though still up 4.5% on the week and 9.9% on the month, according to CoinGecko. Ether slipped 2.8% to $2,331, turning its seven-day chart marginally negative.

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Market Overview

BitcoinBitcoin
77,769.15-0.523%
EthereumEthereum
2,309.3-2.729%
Binance CoinBinance Coin
634.1-0.529%
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RippleRipple
1.43520.413%

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