Gate News update, April 8, according to analysis by the finance website Investinglive, after the U.S.-Iran ceasefire, gold and silver prices rose. The analysis said that before the outbreak of the U.S.-Iran conflict, gold and silver positions relied mainly on leveraged trading; the negative impact brought by the conflict led to leveraged selling, causing gold and silver prices to fall. After the U.S.-Iran ceasefire, improved market sentiment drove a rebound in gold and silver. In addition, the U.S.-Iran ceasefire also means that major central banks may not need to be overly aggressive in raising interest rates, which is one of the reasons for the rebound in precious metals.

After U.S. President Trump reached a two-week ceasefire agreement with Iran, the crypto market rebounded. Bitcoin’s price broke above $72,000, while Ethereum rose to about $2,257. Market sentiment shifted from risk aversion to risk-on. The ceasefire news triggered short covering, driving prices higher. In the short term, the outlook for crypto assets will be influenced by global liquidity and macro variables.

Gate News message, April 8, the market shows that EDU briefly rose more than 34%, at one point breaking through $0.059, and is now reported at $0.058. Market analysts believe this round of gains may have been influenced by the release of CZ’s new book.

On April 8, South Korean technology stocks surged sharply. SK hynix rose 14.30% to 1,047,000 won, with a market cap of 746.20 trillion won; Samsung Electronics climbed 8.14% to 212,500 won, with a market cap of 1,373.85 trillion won.

DRIFT (Drift Protocol) recently saw large fluctuations. The price rose from $0.0386 to a high of $0.167, up 115.72% within 24 hours. This decentralized exchange is built on Solana and offers multiple trading products and high yield rates. Despite experiencing a security incident of about $285 million, market expectations for a fix improved, selling pressure from holders eased, and liquidity became concentrated on major exchanges.

On April 8, the crypto market broadly rebounded, driven by the U.S.-Iran ceasefire. The AI sector rose 6.61%, and Fartcoin jumped 18.88%. Bitcoin broke through $71k, while Ethereum broke through $2,200. Other sectors such as DeFi, Layer2, and more also saw gains. Overall market confidence increased.

Gate News message. On April 8, according to on-chain analyst Yu Jin’s monitoring, a DeFi whale repaid a 4.14 million DAI loan on Spark about 9 hours before an Israel-Iran ceasefire proposal was agreed upon, then retrieved 264.4 WBTC worth of collateral and transferred it to a certain CEX to sell at a price of about $67,990 per WBTC, for a total value of approximately $17.98 million. Six hours later, the Israel-Iran ceasefire proposal was agreed upon; as a result, the BTC price rose 5%, causing the whale to miss out on about $1 million in potential gains.

On April 8, the U.S. stock market closed: the Dow fell 0.18%, the S&P 500 rose 0.08%, and the Nasdaq rose 0.1%. The crypto market was mixed—TRON fell by more than 7.92%, while CRCL rose by more than 2.14%. The decentralized RWA trading platform msx.com has launched hundreds of RWA tokens.

Gate News, April 8, according to monitoring by Hyperinsight, the ETH price broke above $2,200. Around 3:00 this morning, a certain whale opened an ETH short position worth $22 million. As the coin price rose, the short position came under pressure; the whale closed the position to cut losses, ultimately recording a loss of $1.47 million. At present, the whale has a buy order for 5,000 ETH, with the order price set at $2,229.

Gate News message: On April 8, according to Alternative.me data, the crypto Fear and Greed Index rose to 17 today, up from 11 yesterday (April 7), but the market overall is still in a state of “extreme fear.”