BEL has benefited from the recent recovery in risk appetite and capital rotation within the Solana ecosystem. From a daily technical perspective, the 0.100 level serves as a key support. Backed by a short-term breakout on high volume and bullish sentiment, it closed at a high of 0.1263 with active trading yet significant volatility. The market cap surged sharply in the short run and on-chain capital concentration increased, reflecting the emotion-driven nature of high-beta assets. Operationally, it is advisable to set 0.100 as a stop-loss, closely monitor liquidity changes, be alert to profit-taking and the risk of sharp corrections if market sentiment cools, and participate prudently in the short-term with strict position management.

Recently, both macro and market factors, such as easing U.S.-Iran tensions and a shift toward more hawkish Fed policy, have driven a rebound in risk asset volatility. According to BitMart's research report, as geopolitical risks ease, both the technology sector and crypto assets have witnessed a major comeback; however, the derivatives market for mainstream coins remains cautious, with perpetual funding rates staying negative, reflecting persistent structural risk aversion. At the same time, the Ethereum-to-Bitcoin ratio has risen to a three-month high of 0.0313, signaling a short-term recovery in risk asset allocation. In this environment of mixed risk asset sentiment, high-volatility meme coins exhibit potential for short-term performance.

BitMart Research Weekly highlights easing US-Iran tensions and a hawkish shift in the Federal Reserve, driving a rebound in risk assets including crypto. US stocks, especially AI-related sectors, show strong recovery amid geopolitical risks. Inflation data signals potential upward pressure if oil prices stay high. Crypto markets follow US stocks with BTC and ETH leading, while altcoins remain volatile. Institutional inflows into Bitcoin ETFs and MicroStrategy’s increased BTC holdings indicate long-term confidence.

BitMart Research Institute Weekly Hotspot Analysis: US-Iran Easing Combined with Fed's Hawkish Shift, Crypto Market Follows Rebound to Form a Bottom

In Q1 2026, the Ethereum to Bitcoin price ratio (ETH/BTC) rebounded to 0.0313, a three-month high, indicating a recovery in the crypto market. Ethereum network users grew 82% year-on-year to 284,000, with transaction volume reaching 200.4 million. Stablecoin supply exceeded $180 billion, about 60% of the global market. Analysts suggest that if ETH/BTC closes above 0.035 weekly, it signals continued inflows into Ethereum and high-risk assets. Bitcoin remains above $74,000, supported by over $56 billion inflows into US spot Bitcoin ETFs.

Analysis: Ethereum-Bitcoin price ratio rebounds, overall crypto market recovers

Bitcoin rose to around $74,935 during the Asian session, up 0.7% in 24 hours and 5.4% weekly, driven mainly by spot buying rather than broad risk appetite. Derivatives markets show caution: perpetual contract funding rates remain negative, open interest declines, and options indicate higher demand for downside protection. This suggests a rebound, not a trend reversal, amid ongoing risk aversion and cautious sentiment despite gains.

Analysis: Bitcoin strengthens along with US stocks, but the options market still bets on downside risk.

On the daily chart, BEL consolidated within the 0.090–0.100 range at the end of March. A breakout with increasing volume occurred on April 1, pushing the price up to 0.1015. Afterwards, BEL tested its historical high of 0.139 on April 6 but quickly retraced to around 0.098, reflecting a short-term pullback after becoming overbought. The retracement found support at the key psychological level of 0.100, forming a double bottom pattern. Trading volume on April 6 tripled the previous average, indicating a significant rise in short-term trading activity. In mid to late April, the price surged again, breaking above several short-term moving averages and closing at 0.1263 on April 17, signaling renewed bullish sentiment. Nevertheless, intraday volatility exceeded 10%, and risk appetite remains susceptible to changes.

On-chain analytics firms ChainCatcher and GMGN reported that BELIEF's market cap soared to approximately $13.89 million in a short period, with single-day gains exceeding 400%, highlighting the sentiment-driven nature of the meme coin sector. Such highly volatile assets are often driven by short-term speculative capital, making them prone to sharp reversals after concentrated buying. At this stage, it is crucial to closely monitor position concentration and liquidity developments to guard against the risks of quick pullbacks triggered by profit-taking or market style changes.

Bella Protocol

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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Live chart for Bella Protocol to USD conversion. Check out BEL to USD prices in real time. Convert, buy, sell, and trade Bella Protocol on Bybit.

Bella Protocol Price: BEL Live Price Today | BEL Market Cap & Chart Analysis | Bybit

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BEL price today is 0.13, with a live price change of 9.90 in the last 24 hours. Convert, buy, sell and trade BEL on Bybit.

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