Bitcoin breaks $79,000, geopolitical tensions "easing" boosts Asian stock markets

Gold Financial reports that on April 27th, analysts stated that against the backdrop of “relatively easing” geopolitical tensions, major cryptocurrencies such as Bitcoin and Ethereum rose, while Asian stock markets generally gained in Monday morning trading.
According to data from The Block, as of 10:50 PM Eastern Time on Sunday, Bitcoin increased by 2% in the past 24 hours to $79,110; Ethereum rose by 3% to $2,388.
Regarding major Asian stock indices, Japan’s Nikkei 225 rose 1.4% in early trading, reaching a record high; South Korea’s KOSPI increased 1.9%, also hitting a new high; China’s CSI 300 gained 0.35%; Hong Kong’s Hang Seng Index edged up 0.06%.
Dominick John (Zeus Research analyst) said, “The rise in the crypto market is driven by stable ETF capital inflows and breakthroughs of key technical levels, which reinforce strong buying pressure in the market. At the same time, the easing of geopolitical tensions has reduced risk aversion, and the Fear and Greed Index has rebounded from ‘Fear’ to neutral.”
Data shows that the US spot Bitcoin ETF has continued to see capital inflows, with a net inflow of $823.7 million last week, marking the fourth consecutive week of positive inflows (SoSoValue data). The Crypto Fear and Greed Index has also risen to 47, up from about 29 last week in the ‘Fear’ zone, and from the ‘Extreme Fear’ zone of 12 last month, returning to ‘Neutral.’
Dominick John stated, “This indicates that the market is gradually returning to a more rational risk appetite.”
Nick Ruck (LVRG Research Director) also shares a similar view, believing that this rally stems from a rebound in risk appetite, technical breakthroughs, and position adjustments after re-establishing above key resistance levels.