Iran Deal Hopes Boost Crypto, BTC Holds Strong
Bitcoin moved steadily during the European session on Thursday (April 16), holding around US$74,321 after risk-on sentiment improved amid hopes for progress in US-Iran diplomacy. However, room for upside appears more limited as the market continues to weigh geopolitical headline risks, while some on-chain indicators point to profit-taking, potentially holding back further gains.
Optimism also comes from institutional flows, after Bitcoin spot ETFs recorded inflows for two consecutive days this week (based on the prevailing market narrative), although market participants remain awaiting further confirmation of progress in negotiations. In this context, BTC's direction tends to remain headline-driven: diplomatic improvements support risk assets, but a new escalation could quickly reverse sentiment.
In other cryptocurrencies, Ethereum is trading around US$2,331, Solana around US$84.97, Cardano US$0.2475, and BNB around US$619.49. Meanwhile, XRP is hovering around US$1.41 and Dogecoin around US$0.0959, reflecting more moderate gains compared to BTC. (Arl)
Source: Newsmaker.id