Bitcoin is set for its best month in 12 months as $5 billion in USDT inflows power the rebound.

Bitcoin held above $77,000 on Friday, consolidating after reaching its strongest level since early February earlier this week, as markets shrugged off geopolitical tensions and focused on improving risk sentiment.

The cryptocurrency is up დაახლოებით 13.6% in April, putting it on track for its best monthly performance in a year, according to CoinGlass. The recovery follows a difficult stretch that saw crypto post its longest run of monthly losses since 2018, with declines from October through February.

A stronger macro backdrop has supported the rebound. U.S. equities have staged a sharp recovery, with the S&P 500 and Nasdaq climbing back to record highs after briefly entering correction territory earlier this year.

At the same time, a key crypto-native driver has emerged. The supply of Tether (USDT) has risen to just under $150 billion, increasing by roughly $5 billion over the past two weeks after months of limited growth.

Stablecoins—digital assets pegged to fiat currencies—serve as liquidity within crypto markets, providing capital for trading and investment. Expanding supply is typically seen as a sign of fresh inflows into the ecosystem, supporting asset prices.

Still, macro uncertainty remains. Ongoing tensions in the Middle East and developments related to the Iran conflict continue to keep oil prices elevated.

Yet markets appear increasingly indifferent. Jasper de Maere, an OTC trader at Wintermute, said both equities and crypto have largely “stopped reacting” to developments in the conflict, suggesting growing investor fatigue.

He added that strong corporate earnings and resilient stock markets are helping offset concerns about geopolitics and energy costs.

Bitcoin is now trading near the upper end of its recent range, with $79,000 acting as a key resistance level as traders lock in profits.

According to Adam Haeems of Tesseract Group, this level is structurally important due to significant institutional supply overhead.

A breakout will depend on the type of demand driving the move. Rallies fueled by short covering tend to fade, while those supported by sustained institutional buying are more likely to hold.

Attention now turns to the upcoming Federal Reserve meeting in April, which could shape the next move. Continued ETF inflows through the event could push bitcoin above $79,000 and establish a higher range, while weaker flows may see the price slip back toward the $75,000–$77,000 zone.

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