Analysts: Both the crypto market and Asian stock markets rose amid easing geopolitical tensions.
CoinFeed reported on April 27th that, according to The Block, Bitcoin rose 2% to $79,110 in the past 24 hours, while Ethereum rose 3% to $2,388. Asian stocks generally rose in early trading on Monday, with the Nikkei 225 index rising 1.4% to a record high and the South Korean Kospi index rising 1.9% to a new record high. The US spot Bitcoin ETF recorded a net inflow of $823.7 million last week, marking the fourth consecutive week of positive inflows. The crypto Fear & Greed Index rose from 29 (fear) last week to 47 (neutral). Zeus Research analyst Dominick John stated that the rise in the crypto market was driven by continued ETF inflows and a structural breakout of key technical levels, creating strong underlying buying pressure. Meanwhile, easing geopolitical tensions reduced risk aversion, causing the Fear & Greed Index to shift from fear to neutral.