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Bitcoin rose above the $79,000 mark yesterday, leading a broader rebound across digital assets, while Asian equity markets also moved higher as geopolitical tensions appeared to ease.
The world’s largest cryptocurrency gained roughly 2% over the past 24 hours, now trading near $78,000, while Ethereum advanced around 3% to $2,326, reflecting renewed momentum in the crypto market.
The positive sentiment extended beyond digital assets. Major Asian stock indices posted gains during Monday trading, with Japan’s Nikkei 225 rising about 1.4% to a record high. South Korea’s Kospi climbed 1.9%, also reaching new peaks.
Meanwhile, China’s CSI 300 and Hong Kong’s Hang Seng Index recorded more modest gains, signaling a broadly positive tone across regional markets.
Investor sentiment in the crypto market has shown signs of recovery. The Crypto Fear & Greed Index rose to 47, moving back into neutral territory after lingering in “fear” and “extreme fear” levels in recent weeks.
Analysts attributed the shift to a combination of technical factors and improving macro conditions, including reduced geopolitical anxiety and continued capital inflows into crypto investment products.
Spot Bitcoin exchange-traded funds in the United States continued to attract steady inflows, recording approximately $823.7 million in net inflows last week, marking the fourth consecutive week of positive momentum.
This sustained demand has reinforced bullish sentiment, with analysts noting that institutional flows are playing a key role in supporting prices above critical technical levels.
Market participants point to Bitcoin’s move above key resistance levels as a sign of strengthening momentum. However, traders remain focused on whether the asset can sustain levels above the $80,000 to $83,000 range, which is seen as a critical zone for confirming a longer-term breakout.
At the same time, the current rally reflects a broader shift toward “risk-on” positioning, as investors gradually regain confidence following earlier volatility.
Despite ongoing developments related to US-Iran relations, markets appear less reactive to geopolitical headlines than in previous weeks.
Analysts suggest that much of the uncertainty has already been priced in, with investor attention shifting toward macroeconomic drivers and upcoming data releases.
Looking ahead, traders are closely watching key events, including the upcoming Federal Reserve interest rate decision and major corporate earnings reports, particularly from large technology companies.
These factors are expected to play a significant role in shaping market direction in the near term, potentially outweighing geopolitical influences.
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