As the cryptocurrency market continues its upward trend, Bitcoin has surpassed $79,000. ETF inflows, technical breakthroughs, and increasing risk appetite support prices, while investors focus on the Fed’s interest rate decision.

While bullish momentum persists in the crypto markets, Bitcoin has settled above $79,000, expanding its recent gains. Analysts say that institutional demand and the breach of critical technical levels are key factors behind the rise.

The growing risk appetite in the markets shifts investors’ attention to the Federal Reserve’s upcoming interest rate decision, with experts noting that movements in crypto assets are closely linked to macroeconomic developments.

Zeus Research analyst Dominick John told The Block that the rally is supported by steady ETF inflows and strong technical breakouts. John also emphasized that the decrease in geopolitical risks has weakened risk aversion in markets, and the Crypto Fear and Greed Index has risen from fear to neutral levels.

According to SoSoValue data, spot Bitcoin ETFs in the U.S. recorded inflows of $823.7 million last week, marking the fourth consecutive week of positive flow. During the same period, the Fear and Greed Index rose to 47, recovering from previous low levels.

LVRG Research Director Nick Ruck stated that crypto pricing is shaped by a combination of rising risk appetite, technical breakthroughs, and the reclaiming of key resistance levels.

Ruck said that if spot demand continues, the rally could persist, and investors are particularly watching whether Bitcoin can sustain above the $80,000 to $83,000 range. Additionally, markets are focused on signals from the Fed’s interest rate decision on April 29 and key macroeconomic data.