Bitcoin climbs to $77,500 on Trump ceasefire extension, Strategy's $2.5 billion buy

Bitcoin traded at $77,541 on Wednesday morning, up 2.2% over 24 hours and 4.3% on the week, after Trump extended the Iran ceasefire and Strategy disclosed its largest BTC purchase in 17 months. What to know : Bitcoin climbed to about $77,500 as traders reacted to President Trump's decision to extend the Iran cease-fire and to Strategy's $2.54 billion purchase of 34,164 bitcoins, its largest buy since 2024. The new acquisition lifts Strategy's holdings to 815,061 bitcoins, putting the position modestly in profit and coinciding with $1.4 billion in weekly inflows to global crypto funds, led by bitcoin and ether. Analysts say bitcoin's move above key short-term holder levels and rising institutional adoption, including from Japanese investors, reduce near-term liquidation risk, though a sustained rally may hinge on clearing $80,000 and geopolitical developments in the Strait of Hormuz.