New Fire Research Institute: BTC rebounds above $72k, currently still in the "high cost-performance zone"

MeNews · 2026-04-08T11:01:03+00:00

New Fire Research Institute points out that Bitcoin rebounded above $72k this week, remaining in the "high cost-performance zone." The US-Iran ceasefire agreement has boosted market risk appetite, and institutional funding demand remains strong. It is expected that the Federal Reserve will keep interest rates unchanged and closely monitor the progress of the "CLARITY Act." If BTC stabilizes above $71,500, it is likely to further rebound.

MeNews

2026-04-08 11:01:03

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ME News Update, April 8 (UTC+8). According to the latest assessment from New Fire Research Institute, this week Bitcoin (BTC) has briefly rebounded to above $72k. We believe the market is still in a “high value-for-money range.” A recent U.S.-Iran ceasefire agreement has boosted risk appetite in the market, and the fear index has already moved out of the “extreme fear” zone. In addition, major spot digital-asset custody firms have increased their holdings significantly, indicating that institutional buy-side demand remains strong.

On the macro front, due to higher oil prices lifting inflation expectations and the impact of U.S. employment data coming in above expectations, the market broadly expects the Federal Reserve to keep interest rates unchanged in April. On the policy side, it is recommended to closely monitor the progress of the U.S. “CLARITY Act.” Technically, the BTC rebound has already reached short-term resistance. If it can hold above the key $71,500 level, it may pave the way for a broader-scale rebound. Overall, BTC and ETH prices are still within a “high value-for-money” allocation range. (Source: New Fire Group)

BTC4.72%

ETH6.63%

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