Bitcoin (BTC) News Today — May 2, 2026

1. Price: Pushing $78K-$79K Again

BTC is trading ∼$78,200–$78,800 today, up 1.4-3% in 24h after bouncing from $75,700 lows. It briefly hit $79,100 this week and is taking another run at the $80K resistance wall.

- 24h range: $75,700 to $79,100

- Market cap: ∼$1.54T, with total crypto market cap at $2.6T

- Indian price: ~₹74.34 lakh, up 1.34% today

2. Why It’s Moving: Iran Peace Proposal

Bitcoin jumped above $78,000 Saturday after reports that Iran submitted a new peace proposal to U.S. mediators through Pakistan.

- Trump rejected an earlier Iranian offer to reopen the Strait of Hormuz, but said Iran “wants to reach a deal badly”

- Brent crude dropped to ∼$106, down 4% on hopes of easing tensions

- Risk-on sentiment lifted stocks and crypto together

3. ETF Flows: Still Strong Despite Fed

- $1.9B inflows to U.S. spot Bitcoin ETFs this week, with April seeing $1.97B total — highest monthly inflows of 2026

- But the last 3 trading days saw $490M in net outflows, showing some institutional profit-taking after the Fed held rates steady at 3.50%-3.75%

- Coinbase Premium Index turned negative today = U.S. institutional buying paused

4. Technical Setup

- Resistance: $80K is the big wall. “We need a confident push through that level,” says 21shares strategist Adrian Fritz. Above $85K could trigger a reversal

- Support: 100-day EMA at $75,719 held the 3-day decline. Next floor: 50-day EMA at $73,786

- RSI: Daily ∼57-58, bullish but not overbought. Weekly RSI ∼45, neutral

- Liquidations: $551M wiped in 24h after Fed decision, $346M were longs

5. Other Headlines

- Strategy bought 13,390 BTC for $1.34B at ∼$99,856 between May 5-11. Total holdings now 568,840 BTC

- Fear & Greed Index: At 41, near the fear/neutral boundary — risk-off mood despite price gains

- Options expiry: $2.1B in BTC + ETH options expired today, adding volatility

- White House: Crypto adviser teased a “breakthrough” Bitcoin reserve announcement within weeks

Bottom line: BTC is consolidating between $75.5K support and $80K resistance. Iran deal optimism + ETF inflows are bullish drivers, but Fed hawkishness and recent ETF outflows keep it range-bound. A daily close above $80K could spark momentum as buyers who bought recently move back into profit.

Want a breakdown of the $80K order book or how today’s CME gap might play out?