Bitcoin (BTC) has rebounded above $72,000, maintaining its position in a 'high-value' range, according to Xinhuo Research Institute. The recent ceasefire between the U.S. and Iran has improved market sentiment, moving the Fear & Greed Index out of 'extreme fear.' Institutional demand remains strong, with major custodians increasing their holdings.
On the macroeconomic front, rising oil prices and robust U.S. employment data suggest the Federal Reserve may keep interest rates steady in April. Technically, Bitcoin faces near-term resistance, but sustaining above $71,500 could trigger a larger rally. The current prices of BTC and ETH are considered within a 'high-value' allocation range.
Bitcoin Surges Above $72,000 Amid Market Optimism
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