[Three Major Events Impacting April's Crypto Prices: Ceasefire Negotiations, Fed Leadership Change, and Institutional Acceleration] In April, the global crypto market experienced turbulence under the interplay of three variables: U.S.-Iran ceasefire negotiations, the Federal Reserve leadership change crisis, and the listing of Morgan Stanley's Bitcoin ETF. Bitcoin demonstrated unique resilience, but geopolitical and policy uncertainties made it difficult for the market to find short-term consensus on direction.