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

MeNews · 2026-04-08T08:43:09+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 08:43:09

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ME News message. April 8 (UTC+8). New Fire Research Institute’s latest assessment finds that this week Bitcoin (BTC) has briefly rebounded to above $72k. We believe the market is still in a “high value-for-money range.” The recent U.S.-Iran ceasefire agreement has boosted risk appetite in the market; the fear index has moved out of the “extreme fear” range. At the same time, leading digital asset custody firms have increased holdings by large amounts, indicating that institutional capital demand for buying remains strong.

On the macro level, driven by high oil prices pushing up inflation expectations and the U.S. employment data coming in above expectations, the market broadly expects the Federal Reserve to either keep interest rates unchanged in April. On the policy front, it is recommended to closely watch the progress of the U.S. “CLARITY Act.” On the technical side, the BTC rebound has already reached near-term resistance; if it can hold the key level of $71,500, it could set off a larger-scale rebound. Overall, BTC and ETH prices are currently still in a “high value-for-money” allocation range. (Source: New Fire Group)

BTC5.28%

ETH8.4%

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