Bitcoin reversed its three-day losing streak on April 30, climbing back above the $76,000 mark and reaching an intraday high of $76,528. The recovery came after the U.S. Federal Reserve kept interest rates unchanged, triggering a volatile session that saw the leading cryptocurrency initially plunge to $75,400 before staging a sharp rebound.
Volatile Reaction to Fed Decision
The Federal Reserve's decision to maintain the federal funds rate at current levels initially sent Bitcoin lower, with the price dropping from $76,365 to around $75,400 as leveraged longs were liquidated. However, buying pressure quickly returned, pushing Bitcoin to an intraday peak of $76,528 within eight hours. By the end of the trading day, Bitcoin had settled near $76,300, posting a 0.7% gain over the past 24 hours. If sustained, this would give Bitcoin a 13% monthly gain for April — the first positive monthly performance in 2026.
According to CoinGlass data, the rebound came at a cost: over $266 million in total crypto liquidations occurred within 24 hours, with Bitcoin long positions accounting for $75 million. Short liquidations were relatively modest at $17 million, indicating that the squeeze primarily affected bullish traders who had overleveraged.
ETF Inflows Bolster Institutional Confidence
Gracie Lin, CEO of OKX SG, highlighted that despite short-term volatility, U.S. spot Bitcoin ETFs attracted net inflows of approximately $3.7 billion between late February and late April — the first sustained inflow period since early 2026 after four consecutive months of outflows. “Singapore, with its strategic location and clear regulatory framework, is a hub for institutional activity. The investors we talk to aren't focused on single Fed decisions — they are watching whether institutional participation is durable,” Lin said.
This structural demand has provided a cushion against the sharp pullbacks triggered by macro uncertainty, with Bitcoin recently testing the $80,000 level despite geopolitical and macro shocks.
Warning Signs from Historical Patterns
Sergei Gorev, Head of Risk at Youhodler, offered a contrarian view. He noted that Bitcoin has declined for two consecutive quarters — a historically rare occurrence. “Every time a new Fed chair replaces the old one, Bitcoin price starts falling. We've seen this three times in a row. Now we are approaching another leadership change at the Federal Reserve,” Gorev warned. He added that if Bitcoin declines again next week following the Fed meeting — as it has happened after eight of the last nine meetings — the price could easily fall below $70,000.
On April 29, Bitcoin traded in a wide range between $75,000 and $77,882, with traders selling at the local top near $77,882, pushing the price back toward $75,100. The market is now digesting the implications of the Fed's steady hand and upcoming U.S. economic data.
Going forward, Bitcoin's ability to hold above $76,000 and challenge the $80,000 resistance will depend on sustained ETF inflows, shifting Fed policy expectations, and broader macroeconomic conditions.