Bitcoin Hits $78,240 High on Ceasefire Rally Breaking $77,000 Barrier

Bitcoin rocketed to a daily high of $78,240 on April 17, 2026, up 3.21% or $2,404 to $77,361 by 4 p.m. ET, shattering the $77,000 level unseen since February amid a risk-on relief rally. A 10-day ceasefire between Israel and Lebanon reopened the Strait of Hormuz that morning, easing geopolitical fears while plunging oil prices curbed inflation and rate hike worries. The breakout from a $74,587-$78,240 range signals momentum that could push higher if de-escalation holds, though fragile progress risks a pullback.