Warm Welcome, Tagus Community, May 04, 2026
Bitcoin Breakthrough of the $80k Level: Bitcoin has tested above $80,000 for the first time since late January, reflecting improving underlying demand supported by US Bitcoin ETF inflows (see below), gradual institutional allocation, and a short squeeze that accelerated the upside as derivatives positions unwound, alongside some easing in geopolitical risk perceptions. The move followed US President Donald Trump’s “Project Freedom” announcement aimed at reducing shipping disruption risks linked to the Strait of Hormuz, which markets interpreted as a partial de-escalation signal in an otherwise still uncertain geopolitical backdrop. Broader risk sentiment has also shown selective improvement, with AI-linked equity strength in markets such as Korea and Taiwan adding to the impression of stabilising global risk appetite, although conditions remain uneven rather than fully risk-on and geo-political risks remain fragile.
