Bitcoin climbs again while British government claims Nigel Farage is manipulating crypto-market

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Last Updated on 18 April 2026 by CryptoTips.eu

Bitcoin reacted very positively to the news from Iran (the Strait of Hormuz is reopening) and surged higher. At the time of writing, Bitcoin is already trading at $76,000.

The next hurdle appears to be $80,000.

Meanwhile, the United Kingdom is grappling with its own crypto scandal.

Advertentie.

Elections

According to all opinion polls of the last six months, Nigel Farage’s Reform Party in the United Kingdom is heading for a massive victory if elections were held today. Keir Starmer’s ruling Labour Party is therefore trying to attack Farage in every possible way. Earlier this week, an attempt was made to accuse Farage of manipulating the crypto market because he had made a purchase of around 2 million pounds. Seems a bit too small to influence the price of Bitcoin.

As is the case throughout Western Europe, a weariness among voters in the United Kingdom regarding voting for traditional center parties is noticeable. Parliament in London, which has invariably been governed by either Labour or the Conservatives over the last hundred years, understandably watches this trend with dismay. Nigel Farage, the leader of the populist Reform Party, is leading in almost all opinion polls.

Farage is a shareholder in the British crypto company Stack and has recently appeared in one of their promotional videos. In it, we see Farage pressing a button and making a purchase of about 2 million pounds in Bitcoin for the company.

Two of the traditional parties, the Liberal Democrats as well as Labour, have since filed an official application with the market manipulation regulator, as they claim that Farage is demonstrating that he is attempting to manipulate the crypto market by promoting the company and inflating it’s share price.

As an example, they refer to the Trump family, who have enriched themselves over the past year with their own crypto investments.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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