Recently the VIX (Volatility Index) has hit a new record low at 15.72, which is the lowest since the year 2021. The global stock markets primarily S&P 500 (closing 4169.48, 0.83% up) and Nasdaq Composite (closing 12,226.58, 0.69% up) have performed exceptionally well. Experts predict the US Fed can make a soft landing on interest rates possibly by the end of this year or even sooner. More clarity on this will be after the Fed's Next Meeting on 2-3 May.
Meanwhile, there is a high accumulation of digital assets like BTC & ETH is being done by the whales, which suggests that these large holders have a bullish sentiment towards the upcoming situation of the crypto market. This can have a positive impact on the prices of such digital assets, as it indicates that investors with significant capital are confident in its potential for growth.
Also, the BTC network's mining difficulty hit a new ATH of 440.80 EH/s on April 18th, 2023 at block 786,013 which is 370 EH/s at the time of writing this article. Again this shows, both the investors as well as miners getting positive sentiment for the upcoming bullish market. In the meantime, BTC's price is $29,300 with a market capitalization of $568 Billion, at the time of writing this article.