Easing Inflation and Rebounding Risk Appetite Drive Market Rally, While Crypto Faces Technical Resistance

Summary

• Macro Economy: U.S. March PPI came in below market expectations across the board, easing short-term inflation concerns. Combined with renewed expectations of U.S.–Iran talks, risk appetite rebounded broadly, pushing global assets higher. Oil prices briefly fell below $90, while U.S. equities and Treasuries rallied simultaneously. The Nasdaq posted a 10-day winning streak—its longest since 2021—indicating a notable recovery in market sentiment.

• Crypto Market: Supported by improving macro sentiment, Bitcoin briefly broke above its previous high of $76,000, but later faced technical resistance and gave back gains,…