In the short term, due to the recovery in macro risk appetite, bearish momentum for C98 has weakened and the price has rebounded from around 0.019. Currently, it is facing resistance at the 20-day moving average and the previous high in the 0.0215 range. If there is continued volume expansion and an effective breakout, the upside potential could extend to the 0.0230–0.0240 range; otherwise, there is still a risk of revisiting lower levels. In the medium to long term, the expansion of stablecoins and DeFi ecosystems provides strong intrinsic value support for C98. It is recommended to focus on the volume-price relationship for short-term participation timing, while for medium and long-term allocation, tracking the progress of the stablecoin ecosystem and accumulating at lower levels is advisable.

Recently, risk-off sentiment has eased, with major crypto assets strengthening and market risk appetite picking up. After hitting a stage low of 0.01908 on April 12, C98, alongside Bitcoin breaking through key psychological levels, saw a notable increase in trading volume within a few days and a rapid rebound of over 12%, indicating temporary exhaustion of bearish momentum and increasing willingness from bulls to take over. From a sentiment perspective, both easing geopolitical tensions and optimistic inflation data expectations are supporting risk asset gains, creating a positive short-term sentiment environment for C98.

Bitcoin's nearly 7% rise since last Sunday has stalled near $72,000 amid cautious market sentiment. Investors await key events: the US inflation report on Friday and US-Iran ceasefire talks this weekend. Options markets show strong demand for both bullish and protective bearish positions. A higher-than-expected US March CPI could reinforce Fed rate hike expectations, pressuring risk assets, while a successful US-Iran negotiation could boost Bitcoin's rally.

Analysis: The crypto market is currently cautious, with CPI and US-Iran ceasefire talks potentially becoming key catalysts.

Bitcoin surged past $72,000, rising about 3% to approximately $72,300, driven by easing tensions in the Middle East. Israeli Prime Minister Netanyahu reportedly initiated talks with Lebanon, supported by Trump's call for reduced Israeli military actions to maintain a ceasefire. Bitcoin's 24-hour gain of around 2% outpaced other major cryptocurrencies and coincided with a rebound in U.S. stocks and a drop in oil prices. Bitcoin is increasingly decoupling from tech stocks, influenced more by geopolitical and risk-averse factors.

Analysis: Bitcoin breaks through $72,000, Middle East ceasefire expectations boost market sentiment.

From the daily chart, after prolonged weakness in recent months, C98 entered a clear oversold state with short-term momentum indicators showing signs of bullish divergence. The current price has pulled back to around 0.0215, testing the resistance zone of the previous high and the 20-day moving average. With several days of expanded trading volume, an effective recovery and consolidation above this level could challenge the 0.0230–0.0240 resistance range; otherwise, caution is needed against renewed decline from moving average and volume contraction pressures.

Bitcoin has surpassed a four-week high, rising above $74,000. Analysts identify $75,000 as a critical "volatility release point," where derivative market negative gamma effects may amplify price fluctuations. This level coincides with Bitcoin's 100-day moving average, a key resistance in January. Breaking $75,000 could accelerate an uptrend, while a pullback may increase downward pressure. The $80,000–$80,600 range is a positive gamma zone with lower volatility, and the 200-day moving average at $87,519 serves as a long-term reference.

Analysis: Bitcoin breaks four-week high, key price range may intensify market volatility

In the medium to long term, the stablecoin market is expected to see significant expansion, with USDC supply likely to grow substantially in the coming years. This backdrop will continuously inject liquidity into the DeFi and public chain ecosystems. As the underlying token of a public chain, C98 is poised to benefit from the robust development of the stablecoin ecosystem and payment networks, further enhancing user stickiness and application scenarios. Compared to pure rate speculation, this round of ecosystem-driven growth is more sustainable, providing a solid foundation for building the token's intrinsic value.

The market currently prices Circle as an interest rate-sensitive money market fund, but USDC supply is projected to grow 72% by 2025 despite rate cuts, driven by real utility adoption rather than yield-seeking. By 2030, the stablecoin market could reach $1.5 trillion with USDC supply averaging $284 billion, boosting Circle's reserve income to $9.2 billion. Circle's payment network expansion and regulatory advantages support an 83% upside potential, highlighting structural growth beyond pure rate bets.

Market Analysis: Circle's Pricing Logic Is Outdated, Still Has 80% Upside Potential

Coin98

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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Coin98 Price: C98 Live Price Today | C98 Market Cap & Chart Analysis | Bybit-ge

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C98 price today is 0.02, with a live price change of 5.69 in the last 24 hours. Convert, buy, sell and trade C98 on Bybit-ge.

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