{"id":43113,"date":"2026-04-17T13:46:06","date_gmt":"2026-04-17T13:46:06","guid":{"rendered":"https:\/\/financialrush.com\/?p=43113"},"modified":"2026-04-17T13:46:06","modified_gmt":"2026-04-17T13:46:06","slug":"btc-taps-10-week-high-crypto-has-a-new-rockstar-and-iran-reopens-the-strait-weekly-recap","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=43113","title":{"rendered":"BTC Taps 10-Week High, Crypto Has a New Rockstar, and Iran Reopens the Strait: Weekly Recap"},"content":{"rendered":"

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\n\t\t\t\t\t\t\t\t\tThe past week (and even more) belonged to the new cryptocurrency superstart – RaveDAO’s RAVE. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n

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Although the initial peace talks between Iran and the US failed last weekend, there\u2019s renewed hope for a more permanent deal in the making, which made it yet another eventful week.<\/p>\n

Recall that BTC had jumped last week as well after the ceasefire announcement from the two sides, and the expected peace talks that took place on Saturday. Their failure resulted<\/a> in an immediate correction to $70,500 by the end of the weekend, but new reports at the start of the current business week about more positive developments on that front ignited another rally.<\/p>\n

In fact, it took BTC just over 36 hours to surge back toward $75,000, where it faced some resistance at first but broke above it and rocketed<\/a> to just over $76,000 late on Tuesday.<\/p>\n

The bears stepped up after this impressive move, and drove the cryptocurrency south<\/a> to under $73,600 yesterday in a sudden decline. However, that was short-lived as well, as BTC jumped back up to $75,600 just a few hours later after Trump announced a ceasefire between Israel and Lebanon. The asset kept climbing earlier today and broke to almost $77,000 to mark its highest price tag in approximately ten weeks.<\/p>\n

The latest major came just minutes after US President Donald Trump announced<\/a> on Truth Social that Iran had reopened the Strait of Hormuz. As a result, bitcoin\u2019s market cap has increased to over $1.540 trillion. Its dominance over the alts is also on the rise, increasing to over 57% as of press time.<\/p>\n

Many larger-cap alts are also in the green on a weekly scale, including ETH (6%), XRP (8%), and DOGE (6.5%). However, RaveDAO\u2019s RAVE token has stolen the show, surging by 1,500% since last Friday. Moreover, it\u2019s up by 7,000% monthly.<\/p>\n

In contrast, ZEC has dropped by more than 12% in a week, followed by TAO, RAIN, and CC.<\/p>\n

You may also like:<\/h3>\n

Market Data<\/h2>\n
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Cryptocurrency Market Overview Weekly April 17. Source: QuantifyCrypto<\/figcaption><\/figure>\n

Market Cap: $2.680T | 24H Vol: $126B | BTC Dominance: 57.3%<\/p>\n

BTC: $76,800 (+4.8%) | ETH: $2,415 (+6.2%) | XRP: $1.47 (+7.8%)<\/p>\n

This Week\u2019s Crypto Headlines You Can\u2019t Miss<\/h2>\n

Arthur Hayes Breaks Down Bitcoin\u2019s Fate in Four Iran War Outcomes<\/strong>. The war with Iran seems to be closer to a resolution now than it was 10 days ago, but it continues to impact crypto prices. Arthur Hayes laid out<\/a> four scenarios for bitcoin and how it would perform depending on the conflict\u2019s permanent outcomes.<\/p>\n

Strategy Splashes $1 Billion to Accumulate Almost 14,000 BTC<\/strong>. Strategy returned<\/a> to the multi-billion-dollar purchases by accumulating another 13,927 BTC. The largest corporate holder of bitcoin now owns close to 781,000 BTC.<\/p>\n

BitMine Owns Over 4% of ETH\u2019s Total Supply After Latest Purchase: Details<\/strong>. The second-largest corporate holder of cryptocurrencies, BitMine Immersion Technologies, also increased<\/a> its ETH holdings to 4.875 million tokens. It now owns over 4% of Ethereum\u2019s total supply.<\/p>\n

Deutsche B\u00f6rse Acquires $200 Million Stake in Kraken<\/strong>. The legacy giant bought<\/a> a $200 million stake in one of the oldest crypto exchanges, Kraken. According to Bloomberg, this puts the valuation of Kraken\u2019s parent company, Payward Inc, at $13.3 billion.<\/p>\n

Bitcoin Developers Propose BIP-361 to Freeze Quantum-Vulnerable Legacy Addresses<\/strong>. Bitcoin developers continue to look for a solution for a problem that might take years to come, by proposing<\/a> a new BIP-361 update to freeze legacy addresses that might be vulnerable to the quantum threat.<\/p>\n

Bitcoin Lags 40% Below ATH as S&P 500 Sets New Record<\/strong>. Although this report came a few days ago when BTC\u2019s price was slightly lower, it\u2019s still true now as the S&P 500 continues to mark new all-time highs<\/a>, while bitcoin struggles at over 40% below its own from October last year.<\/p>\n

Charts<\/h2>\n

This week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid \u2013\u00a0click here for the complete price analysis<\/a>.<\/p>\n

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<\/p><\/div>\n\n
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