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Bitcoin Hits US$80,000 as Asian Stocks Near Record Highs

Bitcoin climbed above US$80,000 on Monday morning for the first time since January 31, rising 1.9 per cent to US$80,393 as Asian stocks approached record highs. The rally was driven by strong technology earnings, US$630 million in Bitcoin ETF inflows on Friday, and growing optimism around US stablecoin legislation and Senate crypto regulation. Bitcoin hit a record of over US$126,000 in October last year before falling to US$60,000 in February. Markets are also digesting mixed signals from the Middle East, with Trump saying the US will guide ships through the Strait of Hormuz while Iran warned against interference.

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Bitcoin Reaches 12-Week High on Iran Deal Optimism

Bitcoin surged to its highest level since January on April 27, 2026, reaching US$79,488 following reports of a new peace proposal to reopen the Strait of Hormuz. The 16% gain in April is underpinned by a massive 3.9 billion purchase by MicroStrategy and a doubling of spot ETF inflows compared to March. While the geopolitical news has sparks a rally across risk assets, analysts warn that the US80,000 threshold could trigger significant selling pressure as traders reach their breakeven points. Nevertheless, the combination of institutional accumulation and diplomatic hope has placed the cryptocurrency on track for its best monthly performance in nearly a year.

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Gold Prices Fall as Mideast Peace Efforts Stall and Inflation Risks Rise

Gold prices continued their downward trend on April 27, 2026, sliding toward $4,680 an ounce as hope for a Middle East ceasefire faded. The breakdown of peace talks in Islamabad has kept the Strait of Hormuz blocked, driving up oil prices and forcing central banks to reconsider interest rate cuts. With the Federal Reserve expected to take a more cautious path under likely incoming chair Kevin Warsh, gold has now shed 11% of its value since the conflict began. Analysts warn the metal is in a technical no-man’s-land as traders grapple with the dual pressures of war-driven inflation and a strengthening U.S. dollar.

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Gold Prices Slip as U.S. Dollar Gains Strength

Gold prices dropped to a one-week low on Monday, April 20, 2026, as the U.S. dollar strengthened amid renewed tensions between the U.S. and Iran. Spot gold fell 0.7% to US$4,794.21 per ounce, driven by fears that rising oil prices will keep global interest rates higher for longer. Despite the ongoing conflict, the precious metal has lost nearly 9% of its value since late February. Analysts say the breakdown of last week’s ceasefire has revived “war trade” dynamics, pushing investors toward the dollar and government bonds instead of non-yielding assets like gold.

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