Bitcoin holds steady at 74K, and FOMO sentiment is heating up as U.S. stocks hit a record high

Given the expected boost from the possible U.S.-Iran peace deal, the stock market surged sharply, with both the Nasdaq Composite and the S&P 500 setting new all-time highs. Bitcoin held steady at 74K; market sentiment clearly rebounded. The Fear & Greed Index rose to the neutral range of 55, the highest level since the drop last October.

FOMO sentiment heats up, with the Nasdaq and S&P setting new all-time highs

Investors poured into the stock market, hoping that the U.S. and Iran would restart a new round of negotiations. The Associated Press reported Wednesday that despite mounting tensions in the Strait of Hormuz, both sides have made greater progress toward extending the ceasefire agreement and restarting long-term peace talks.

(A glimmer of hope for a U.S.-Iran ceasefire extension: both sides have reached “principled agreement,” with diplomacy accelerating before the 4/21 deadline )

Algorithm-driven funds, which had previously cut their stock holdings to multi-year lows, have moved back in. A Goldman Sachs report said that so-called systematic investors are preparing to pour record amounts of capital into the U.S. stock market.

The selloff last month caused the S&P 500 to fall more than 9% from its peak. The Nasdaq 100 also saw a technical pullback during the war, down 12% from its all-time high.

But signs that tensions in the Middle East are easing, along with an upbeat mood about artificial intelligence technology and corporate earnings, have reignited investors’ FOMO. After the early-April ceasefire announcement, the Philadelphia Semiconductor Index (including major companies such as Nvidia, Broadcom, and Micron Technology) returned to record highs. And yesterday, both the Nasdaq Composite and the S&P 500 hit all-time highs again.

Bitcoin holds steady at 74K, with market sentiment clearly rebounding

Overall crypto market capitalization rose 0.83% to $2.53 trillion. Market sentiment clearly rebounded, with the Fear & Greed Index rising to the neutral range of 55—the highest level since the drop last October.

Trading volume on spot exchanges increased. However, the average perpetual funding rate remains negative, and Bitcoin’s 24-hour liquidation volume fell by 60%. Spiking spot trading volume alongside price gains typically indicates genuine buy-side interest, so this is a bullish signal. A negative funding rate means traders are still cautious about shorting; if buy-side pressure persists, it could push prices higher further.

Bitcoin continues to dominate the market. BTC has risen to 74K, and the key resistance level to watch next is 78,100 USD, the real market value mean.

This article, Bitcoin Holds Steady at 74K, FOMO Sentiment Heats Up—U.S. Stocks Hit All-Time High, first appeared on Lian News ABMedia.