Optimism has been boosted by the fact that Israel and Lebanon have agreed to a 10-day ceasefire, and that the next round of talks between the U.S. and Iran may begin. On Thursday, (16th), U.S. stocks pushed higher again, with the S&P 500 index and the Nasdaq index continuing to set new all-time highs. The cryptocurrency market rose 0.57% in 24 hours to reach $2.55 trillion, driven mainly by a macro uptrend led by Bitcoin (BTC).
Israel and Lebanon agreed to a 10-day ceasefire, and U.S. stocks continued to hit new highs
On Thursday, U.S. President Trump confirmed that he had spoken by phone with Lebanese President Joseph Aoun and Israeli Prime Minister Netanyahu. Following the news, the stock market rose. Trump also said that Israel and Lebanon have agreed to a 10-day ceasefire. And regarding the next round of U.S.-Iran face-to-face talks, he said “it’s possible, maybe, it’ll be right there at next weekend.”
Buoyed by expectations that the two countries will ultimately reach a peace agreement, U.S. stocks on Thursday (16th) pushed higher again, with the S&P 500 index and the Nasdaq index continuing to set new all-time highs.
This week’s U.S. producer prices and import prices came in below expectations, which also lifted the stock market. In addition, the number of initial jobless claims for the week ending April 11 fell to 207,000, below economists’ expectations.
Bitcoin continues to hover around 75K—watch whether 78K can break through smoothly
The cryptocurrency market rose 0.57% in 24 hours to reach $2.55 trillion, driven mainly by the macro uptrend led by Bitcoin.
Bitcoin continues to trade in a tight range above and below 75K, and Ether also holds above $2,300. As capital rotates into high-beta coefficient sectors, the altcoin season index rises to 38. Meanwhile, on April 15, U.S. spot Bitcoin ETFs recorded net inflows of $186 million, extending the prior day’s net inflows of $410 million, providing momentum for the spot market.
Bitcoin still dominates the market, and going forward, the key resistance level at the real market mean of $78,100 remains in focus.
This article first appeared on Chain News ABMedia, with optimism boosted by the U.S.-Iran ceasefire agreement, and Bitcoin holding steady at 75K.
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