April 29, 2026 — The price of Bitcoin showed mixed performance against the US dollar on Wednesday, reflecting a short-term recovery but continued pressure over the longer term.
As of April 29, 2026, Bitcoin was trading at $77,035.92, marking a daily increase of $806.12, or 1.05%, compared to the previous session. The latest uptick follows a series of declines earlier in the week, signaling renewed buying interest in the cryptocurrency market.
Short-Term Volatility Persists
On a weekly basis, Bitcoin recorded a decline of $1,216.13, or approximately 1.55%, highlighting ongoing volatility. Prices fluctuated sharply over the past seven days, including a notable drop on April 27 before partially recovering.
Market analysts attribute these fluctuations to uncertainty in global financial markets and shifting investor sentiment toward risk assets, particularly in response to macroeconomic signals.
Strong Monthly Performance
Despite short-term instability, Bitcoin delivered a strong monthly performance. Over the past 30 days, the cryptocurrency surged by $10,322.84, representing a 13.40% increase from its March 30 level of $66,713.08.
This rally indicates that broader market momentum remained positive throughout April, supported by institutional inflows and improved liquidity conditions.
Year-on-Year Decline Remains Significant
However, on a year-on-year basis, Bitcoin remains under pressure. The cryptocurrency has dropped from $94,188.76 recorded on April 29, 2025, marking a decline of $17,152.84, or 22.27%.
The annual downturn reflects the impact of tighter global monetary policies, regulatory uncertainties, and reduced speculative demand in the crypto sector.
Outlook: Recovery with Caution
While recent gains suggest a potential recovery trend, analysts caution that volatility is likely to persist. Global economic conditions, interest rate outlooks, and investor sentiment will continue to influence Bitcoin’s trajectory in the coming months.