PANews reported on April 27th that, according to The Block, Bitcoin rose 2% to $79,110 in the past 24 hours, while Ethereum rose 3% to $2,388. Asian stocks generally rose in early trading on Monday, with the Nikkei 225 index rising 1.4% to a record high and the South Korean Kospi index rising 1.9% to a new record high. The US spot Bitcoin ETF recorded a net inflow of $823.7 million last week, marking the fourth consecutive week of positive inflows. The Crypto Fear & Greed Index rose from 29 (fear) last week to 47 (neutral).

• Zeus Research analyst Dominick John stated that the crypto market rally was driven by continued ETF inflows and a structural breakout of key technical levels, creating strong underlying buying pressure. Meanwhile, easing geopolitical tensions reduced risk aversion, with the Fear & Greed Index shifting from fear to neutral. He noted that the market is transitioning back to a moderate risk appetite.
• Nick Ruck, Director at LVRG Research, stated that the crypto market rally stemmed from a recovery in risk appetite, a technical breakout, and position adjustments following the market's recovery of key resistance levels. He noted that if spot demand continues to outpace other markets, the upward momentum could extend, but traders are primarily focused on whether Bitcoin can hold the $80,000 to $83,000 range, while also paying attention to the Federal Reserve's interest rate decision on April 29th and other key economic data.
• Min Jung, research assistant at Presto Research, stated that the market has largely priced in previous narratives such as US-Iran tensions, leading to investor fatigue and a lack of significant reaction to these news items. Currently, there are no clear catalysts or headlines with substantial impact on the crypto market. This week, the market will primarily focus on the FOMC meeting and earnings reports from major technology companies, which are expected to be key drivers of market direction.