[Bitop Review] Boosted by Optimism Over US-Iran Ceasefire Agreement, Bitcoin Holds Steady at 75K

Boosted by the 10-day ceasefire agreed upon by Israel and Lebanon, as well as optimism that the next round of US-Iran talks may commence, US stocks surged again on Thursday, with the S&P 500 and Nasdaq indices hitting new all-time highs. The cryptocurrency market rose by 0.57% within 24 hours to reach $2.55 trillion, primarily driven by the macro uptrend led by Bitcoin.

Israel and Lebanon Agree to a 10-Day Ceasefire, US Stocks Hit New Highs

On Thursday, US President Trump confirmed that he had spoken by phone with Lebanese President Joseph Aoun and Israeli Prime Minister Netanyahu. Boosted by this news, the stock market rallied. Trump also stated that Israel and Lebanon have agreed to a 10-day ceasefire. Meanwhile, the next round of face-to-face talks between the US and Iran "could, perhaps, take place as early as next weekend."

Lifted by expectations that the two countries will eventually reach a peace agreement, US stocks surged again on Thursday (the 16th), with the S&P 500 and Nasdaq indices continuing to set new historical highs.

US producer prices and import prices came in lower than expected this week, which also boosted the stock market; in addition, initial jobless claims for the week ending April 11 fell to 207,000, lower than economists' expectations.

Bitcoin Continues to Hover Around 75K, Watching for a Successful Breakout Above 78K

The cryptocurrency market rose by 0.57% in 24 hours to reach $2.55 trillion, mainly driven by the macro upward trend led by Bitcoin.

Bitcoin continues to fluctuate around 75K, and Ethereum is also holding steady above $2,300. As funds rotate into high-beta sectors, the Altcoin Season Index has risen to 38. Meanwhile, on April 15, US spot Bitcoin ETFs recorded a net inflow of $186 million, continuing the previous day's net inflow of $410 million, providing momentum for the spot market.

Bitcoin still dominates the market, and the key resistance level of the true market mean at $78,100 remains to be observed moving forward.

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