On April 16, according to CoinDesk, Bitcoin is currently hovering around $75,000, with prices facing supply pressure, but institutional demand remains stable. Market sentiment is boosted by news of the extension of the ceasefire between the US and Iran. The US dollar has fallen to a nearly six-week low, and US Treasury yields have also declined, conditions that typically support the prices of cryptocurrencies; gold has also risen in tandem, indicating that the market is seeking a balance between risk appetite and safe-haven demand.

On-chain data shows that when the price hits the key cost basis level for short-term holders, Bitcoin often experiences an increase in supply, which is around $76,800 and may serve as an important resistance level, at which point investors might take profits upon breaking even. Morgan Stanley's newly established MSBT fund, offering the lowest market fees, quickly attracted over $100 million in capital, prompting competitors like Goldman Sachs to launch a new round of competition.

Meanwhile, the US blockade of Iranian ports and Iran's threats to disrupt Persian Gulf shipping continue to cast a shadow over the global economic outlook. Disruptions in energy supply have already begun to push up inflation expectations, which could influence central bank policies and, in turn, impact the cryptocurrency market. #GatePreIPOs首发SpaceX