Bitcoin climbs above $79,000, Asian equities rise amid ‘subdued’ geopolitical tensions

Bitcoin has surged above $79,000, with Ethereum also seeing gains, while major Asian stock markets traded higher. This upward trend in cryptocurrencies is attributed to consistent inflows into spot Bitcoin ETFs in the U.S. and a technical breakout above key price levels. Analysts suggest that subdued geopolitical tensions have reduced risk-off sentiment, contributing to a more optimistic market outlook. The Crypto Fear & Greed Index has moved back into the 'Neutral' zone. Traders are closely watching if Bitcoin can maintain its position above $80,000-$83,000 and are awaiting the Federal Reserve's interest rate decision and tech earnings reports for further market direction. Despite a U.S. decision to cancel a diplomatic trip related to Iran, the crypto market has largely absorbed these tensions, indicating investor fatigue with such geopolitical narratives.

(Source：The Block)