Bitcoin Surges Above $79K, Asian Equities Rise as Geopolitical Tensions Ease

BTC2,21%
ETH3,72%

Gate News message, April 27 — Bitcoin climbed 2% to $79,110 while Ethereum gained 3% to $2,388 on Sunday evening, as Asian equities mostly traded higher amid easing geopolitical tensions.

Japan’s Nikkei 225 index (Japan’s benchmark equity index) rose 1.4% during Monday morning trading to reach a record high, while South Korea’s Kospi (South Korea’s benchmark index) added 1.9% to hit a new peak. China’s CSI 300 (mainland China’s main stock index) gained 0.35%, and Hong Kong’s Hang Seng Index edged up 0.06%. Spot Bitcoin ETFs in the U.S. recorded steady inflows of $823.7 million last week, marking their fourth consecutive week of positive flows. The Crypto Fear & Greed Index rose to 47, entering the “Neutral” zone from around 29 in “Fear” last week and 12 in “Extreme Fear” last month.

On Saturday, U.S. President Donald Trump abruptly canceled plans to send U.S. envoy Steve Witkoff and Jared Kushner to Pakistan for negotiations with Iran, citing “too much time wasted on traveling” and “tremendous infighting and confusion” within Iran’s leadership. Despite this development, Bitcoin maintained its upward momentum as traders have already factored in the ongoing Middle East tensions, analysts said.

Market analysts attribute the crypto rally to steady ETF inflows, structural breakouts above key technical levels, and renewed risk appetite following the easing of geopolitical tensions. Traders are primarily focused on the Federal Reserve’s interest rate decision scheduled for April 29, along with major tech earnings reports, which are expected to be key drivers of market direction this week.

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