BroadChain News, April 27 - Bitcoin rose 2% in 24 hours to $79,110, while Ethereum climbed 3% to $2,388. Asian stocks generally moved higher in early Monday trading, with the Nikkei 225 index up 1.4% to a record high and South Korea's KOSPI index gaining 1.9% to also hit an all-time peak. U.S. spot Bitcoin ETFs recorded net inflows of $823.7 million last week, marking the fourth consecutive week of positive inflows.
The Crypto Fear & Greed Index recovered from 29 (Fear) last week to 47 (Neutral). Zeus Research analyst Dominick John noted that sustained ETF inflows combined with structural breakthroughs at key technical levels have created strong buying pressure, while easing geopolitical tensions have reduced risk aversion, driving market risk appetite back from the fear zone to neutral.
LVRG Research Director Nick Ruck believes this rebound stems from risk appetite repair, technical breakthroughs, and position adjustments after reclaiming key resistance levels. If spot demand continues to outperform other markets, the upward trend may persist, but traders are currently focused on whether Bitcoin can hold the $80,000 to $83,000 range, while also watching the Federal Reserve's interest rate decision on April 29 and key economic data.
Presto Research Associate Researcher Min Jung stated that the market has largely digested previous narratives such as U.S.-Iran tensions, with investors showing signs of fatigue. There is currently a lack of clear catalysts or materially impactful news, and this week's focus will shift to the FOMC meeting and tech giant earnings reports, which are expected to be key drivers of market direction.