The fact that geopolitical risks did not escalate brought relief for cryptocurrencies. Although Bitcoin continues to remain above $74,000, it has not yet overcome the $76,000 resistance. US stock markets are breaking records as buyers on the ETF front gain strength. Trump, on the other hand, is counting the days until he takes the Warsh Fed seat because interest rates must start to fall by the midterm elections.
US markets and Iran
We have seen positive news about the US-Iran ceasefire throughout the week, and these have not been denied by Iran. The second round of talks is expected to be held again in Pakistan. It is necessary for the ceasefire to be extended by next Tuesday or for permanent results to be obtained from the negotiations. That’s exactly why the news we’ll see at the weekend will be much more important.
The short-term exemption granted by the USA for Iranian and Russian oil will expire on April 19. This development reflects the expectation that the ceasefire may be extended or that we will see a long-term agreement. Since the markets have priced this expectation, developments in the opposite direction may bring a rapid decline in risk markets and an equally rapid rise in oil, and the USA will seek an alternative path, including exemption.
Oil continues the day at $96 with an increase of 1.35%. It is positive that it remains below $97 for now, but it is too early to rejoice as the $93 level is an important threshold for a decline. Musalem from the Fed: Annual inflation will remain at 3% in an environment where oil remains around 95 dollars
While S&P 500 exceeded 7 thousand levels for the first time in its history NASDAQ He surpassed the 24 thousand points threshold.
Bitcoin and altcoins
For two days now, BTC ETF flow has turned positive again. The inflow of over 590 million dollars in two days shows that the appetite of institutional investors has increased. Moreover, ETH ETF flow is also positive. It’s likely that the weekly ETF flow report on Monday will paint one of the best charts in recent times.
Bitcoin, which has been stuck in the channel it has been stuck in for more than 70 days, has remained in the resistance zone for such a long time for the first time. This move, which raises hopes that $76,000 will be broken, will pave the way for new peaks above $80,000 if the news flow does not fuel fear again.
The appetite of whales has increased again, the biggest buying wave since 2013 has occurred in the last 30 days. Total purchase 270 thousand BTC While the stock market reserves fell below the December 2017 level. This shows that buyers largely moved their assets to cold wallets.
top 100 cryptocurrency Among them, only EDGE gained over 20%. Cryptocurrencies such as CHZ and FIL Coin also continue the day with double-digit gains.
