News

On April 6, U.S. cryptocurrency stocks rose broadly before the market opened, with an exchange up 3.8%, Strategy up 4.2%, and Circle up 4.5%. Market data shows Bitcoin rising to $70,191.2, an increase of 4.79% in the past 24 hours; Ethereum rose to $2,168.91, gaining 6.19% in the same period. Sources reveal that the U.S. and Iran have received proposals regarding a ceasefire agreement, which may take effect on the 6th. (Dongxin News Agency)

BlockBeats News, April 6th. QCP Capital's latest report analysis pointed out that President Trump once again postponed a decision on taking action against Iran until Tuesday, marking the fourth delay. The market is gradually becoming immune to the repeated pattern of "tough stance + negotiation signal," with reduced expectations of escalation of risk, leading to a weakening in oil prices and stable stock index futures. Overall, despite ongoing geopolitical disturbances, the cryptocurrency market's price performance tends to stabilize rather than be under pressure. In terms of funding, institutional funds continue to provide support, with Bitcoin ETF recording a net inflow of about $1.32 billion in March. The current market overall tends towards "risk-on," with investors not fully prepared for a short-term escalation of conflict. However, as the U.S. stock market reopens, the sustainability of this round of rebound remains to be seen.

BlockBeats news, on April 6, according to HyperInsight monitoring, after several liquidations, "Maji" switched to swing trading and seems to be regaining their trading state. During the recent surge in the market led by Bitcoin, "Maji" took profit by reducing a large number of ETH positions; when Ethereum fell back to the $2,150 range, positions were replenished. As of press time, "Maji" holds a $17.81 million Ethereum 25x long position, with the liquidation price also dropping to $2,003.21. It is worth noting that as the market briefly improved, "Maji" has accumulated an unrealized profit of $440,000 over the past week.