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

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.

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.

JUST IN: Nigel Farage has purchased £2M of Bitcoin for 🇬🇧 UK treasury company Stack BTC.

This makes Farage the first sitting MP and the first UK political party leader in history to publicly buy Bitcoin. pic.twitter.com/ILymwZz2fW

— Bitcoin News (@BitcoinNewsCom) April 13, 2026

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.

🚨 NEW: Nigel Farage under fire over crypto investment Fraser Nelson launches scathing attack.

“It’s a scandal hiding in plain sight. Everyone can see Nigel Farage spending a quarter of a million quid in a bitcoin company, which he then hypes up…” pic.twitter.com/i3IxcjTzlc

— The Daily Britain (@dailybritainonx) April 15, 2026

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.

Nigel Farage’s latest aping of Trump politics - promoting a crypto business which he himself has invested in.

MPs must be banned from promoting financial products in this way. pic.twitter.com/m2qxDpU3zd

— Liberal Democrats (@LibDems) April 17, 2026

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