It is expected that Bitcoin will gain momentum.


However, with positive geopolitical developments related to the ceasefire between the United States and Iran, global financial markets may experience a rebound. This could also drive the cryptocurrency market higher, with Bitcoin leading the rise as it has in similar past cases.
Although Bitcoin's price has slightly decreased, it has started recording gains today.
At the time of writing this report, Bitcoin's price was $74,240.37, down 0.18% from Wednesday, April 15.
This indicates a rebound from the $73,900 level to above $74,200 amid positive macroeconomic indicators.

Earlier on Tuesday, Bitcoin regained the $75,000 level due to U.S. producer price index inflation data that came in lower than expected.
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