New Fire Research Institute: BTC rebounds above $72k, currently still in the "high cost-performance zone"

MeNews · 2026-04-08T10:02:49+00:00

New Fire Research Institute points out that Bitcoin rebounded above $72k this week, remaining in the "high cost-performance zone." The US-Iran ceasefire agreement has boosted market risk appetite, and institutional funding demand remains strong. It is expected that the Federal Reserve will keep interest rates unchanged and closely monitor the progress of the "CLARITY Act." If BTC stabilizes above $71,500, it is likely to further rebound.

MeNews

2026-04-08 10:02:49

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ME News, April 8 (UTC+8). The latest assessment from New Fire Research Institute indicates that this week Bitcoin (BTC) has briefly bounced back above $72k. We believe the market is still in a “high value-for-money range.” The recent U.S.-Iran ceasefire agreement has boosted risk appetite, and the fear index has moved out of the “extreme fear” zone. At the same time, leading digital asset custody firms have made large-scale net purchases, showing that institutional buying demand remains strong.

On the macro level, driven by high oil prices raising inflation expectations and the U.S. employment data coming in above expectations, the market generally expects the Federal Reserve to keep interest rates unchanged in April. On the policy front, investors are advised to closely monitor the progress of the U.S. “CLARITY Act.” On the technical side, BTC’s rebound has already reached near-term resistance. If it can hold the key level of $71,500, it may be able to kick off a larger-scale rebound. Overall, the current prices of BTC and ETH are still in a “high value-for-money” allocation range. (Source: New Fire Group)

BTC1.58%

ETH2.31%

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