Bitcoin Climbs Above $79K as Asian Equities Rise Amid Easing Geopolitical Tensions

Gate News message, April 27 — Bitcoin and major cryptocurrencies surged on Sunday evening and Monday morning as Asian equities mostly traded higher, with analysts attributing gains to steady exchange-traded fund inflows and easing geopolitical tensions.

Bitcoin (BTC) climbed 2% in the past 24 hours to $79,110 as of 10:50 p.m. ET Sunday, while Ethereum gained 3% to trade at $2,388. Japan’s Nikkei 225 rose 1.4% during the morning session to hit a record high, South Korea’s KOSPI added 1.9% to reach a new peak, China’s CSI 300 gained 0.35%, and Hong Kong’s Hang Seng edged up 0.06%.

Spot Bitcoin exchange-traded funds in the U.S. recorded a weekly inflow of $823.7 million last week, marking their fourth consecutive week of positive flows. The Crypto Fear & Greed Index rose to 47, returning to the “Neutral” zone from around 29 in “Fear” last week and 12 in “Extreme Fear” last month.

Dominic John, an analyst at Zeus Research, told The Block: “Crypto’s upside is being driven by steady ETF inflows and a structural breakout above key technical levels, reinforcing a strong underlying bid. At the same time, subdued geopolitical tensions have eased risk-off sentiment.” He noted this points to “a market transitioning back into measured risk-on positioning.”

Nick Ruck, director of LVRG Research, shared similar views, noting that the crypto price movement stems from renewed risk appetite, a technical breakout, and revised positioning following the market’s reclamation of key resistance levels. “The move can stretch longer if spot demand keeps leading, but traders are mainly watching whether BTC can hold above the $80,000 to $83,000 zone,” Ruck said, adding that the Federal Reserve’s interest rate decision on April 29 will be a key focus.

On Saturday, U.S. President Donald Trump canceled plans to send U.S. envoy Steve Witkoff and Jared Kushner to Pakistan for negotiations with Iran, citing “too much time wasted on traveling” and “tremendous infighting and confusion” in Iran’s leadership. Despite this development, Bitcoin maintained its upward momentum as traders have already factored in ongoing Middle East tensions.

Min Jung, research associate at Presto Research, noted that previous narratives like U.S.-Iran tensions have “largely been absorbed,” with investors showing fatigue and no longer reacting meaningfully. “For this week, traders are mainly focused on the FOMC meeting and a heavy slate of big tech earnings, which are expected to be the key drivers of direction,” Jung said.