Bitcoin Price Surges Amid Geopolitical Turmoil
Bitcoin Price Surged Amid Geopolitical Turmoil
24 Apr 2026 10:53 WIB
Voice of Indonesia
Key Points
Bitcoin (BTC) rebounded to around USD 78,200 on Wednesday, April 22, 2026, after previously falling to about USD 74,400 on Monday, April 20.
Vice President of INDODAX, Antony Kusuma, said consistent institutional capital inflows drove the price surge.
RRI.CO.ID, Jakarta - Bitcoin (BTC) prices are once again showing resilience amid global headwinds, rebounding after a sharp correction earlier in the week. The rally has drawn attention from market participants and analysts.
BTC approached the USD 79,500 level on Wednesday, April 22, 2026, after previously falling to the USD 74,000 range on Monday, April 20. The movement coincided with escalating geopolitical tensions and fluctuating global markets.
Vice President of crypto bourses INDODAX, Antony Kusuma, said consistent institutional capital inflows drove the surge. Throughout the week, Bitcoin spot ETF products recorded inflows of approximately USD 250.22 million, bringing total accumulation to USD 57.95 billion.
“This trend indicates that demand and confidence in crypto assets remain strong amid global market dynamics,” Antony said in a statement in Jakarta on Friday, April 24, as quoted by Antara.
He explained that the price increase occurred despite rising geopolitical tensions, including Iran’s decision to halt negotiations with the United States. “BTC’s current movement is influenced not only by short-term sentiment but also by increasingly consistent demand from institutional investors, as evidenced by inflows through spot ETF products,” he said.
According to Antony, some investors are using global uncertainty as an opportunity to accumulate, helping support prices even as short-term volatility remains high.
He added that US monetary policy also plays a role in shaping sentiment. Uncertainty over interest rate direction and inflation conditions has kept investors cautious about risky assets.
Meanwhile, activity in the derivatives market has accelerated price gains through the short squeeze phenomenon, with the closing of large short positions boosting demand rapidly.
Overall, the combination of geopolitical, macroeconomic, and institutional factors is shaping an increasingly complex crypto market structure. Antony emphasized the importance of risk management and thorough research before making investment decisions. ***
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