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Billionaire investor Tim Draper has renewed his call for Bitcoin to reach $250,000 within 18 months, despite multiple missed timelines in the past.

Matt Hougan, Chief Investment Officer at Bitwise Asset Management, says the Iran conflict has done something unexpected: it has made him rethink whether Bitcoin’s long-term price targets are too conservative.

Bitcoin is drawing fresh attention from Russia after a reported survey found that a sizable share of investment-focused Russians plan to buy bitcoin and other digital assets once the country’s legal framework takes effect this summer. The result is fueling a familiar market argument: when a major country opens even a restricted path to legal crypto ownership, traders start treating it as another step in global bitcoin adoption.

Goldman Sachs has filed a proposal for a new Bitcoin-focused investment product called a “Bitcoin Premium Income ETF.” This signals that the bank is getting more involved in crypto as more big financial firms compete.

Bitcoin is pushing toward a key breakout zone as momentum builds above $74,000. Now, analysts are pointing to a potential move toward the $80,000 and $85,000 range if resistance levels give way.

Bitcoin continues to trade in a tight range after a sharp sell-off earlier this year. The daily chart shows fading bullish momentum as sellers defend key resistance levels. Price action now reflects hesitation, with repeated rejections near the upper boundary of the range. Consequently, the market appears stuck between recovery hopes and lingering downside risks.

Bitcoin is trading at $74,397, up 4.88% in 24 hours, alongside the crypto market that rose 4.37%. The move puts BTC right back at one of the most technically important zones it has faced in months, and analysts are watching to see whether it holds or folds.

Bitcoin has cleared a key level that held for months, and prices moved above the post-October resistance near $73,500 after defending lower support for nearly two months. In the last 24 hours, BTC pushed past $74,000 as weekly gains now exceed 8%.

BlackRock increased its Bitcoin holdings by about $612.1 million over five days, to Arkham Intelligence data. The purchases were executed through IBIT, which recorded the highest inflows among U.S. spot Bitcoin ETFs during the period.

The Royal Government of Bhutan is quickly dropping in the pecking order of governments holding large Bitcoin volumes after transferring 250 BTC to suspected OTC exchange wallets on April 10.

The US government moved 2.44 Bitcoin worth approximately $177,000 to a Coinbase Prime address this week, with on-chain data linking the funds to wallets labelled as seized assets from a case involving alleged steroid distribution.

Bitcoin hovered near $72,000 following a major options expiry, while geopolitical tensions and Strait of Hormuz disruptions signaled ongoing market uncertainty.

BTC trades at $71,666 on April 10, pressing into the descending channel’s upper boundary for the first time since October as $358M in ETF inflows land alongside trader caution over whether the Iran ceasefire survives the weekend.

A global oil route is now at the center of a crypto debate. The Strait of Hormuz, which carries nearly 20% of the world’s oil, has become more than just a geopolitical hotspot. Reports that Iran may ask tankers to pay tolls in Bitcoin or yuan have sparked a bigger question: which cryptocurrency actually fits the future of global finance?

Bitcoin traders are showing renewed confidence as bets on an $80,000 price rise take the lead. On , the $80,000 call — a wager that Bitcoin will climb past that level — has overtaken the $60,000 put, which dominated recent months. Open interest at $80,000 now exceeds $1.6 billion, compared with $1.41 billion for $60,000 puts.

Bhutan has stepped up its Bitcoin selling activity, moving another 250 BTC worth about $17.73 million to exchanges, to blockchain analytics platform Arkham Intelligence.