Bitcoin and Ethereum accumulate new falls while capital retreats persist in the ETF crypt. Macroeconomic uncertainty in the US, weak employment data and Trump’s tariff threats feed an adverse scenario.
He cryptocurrency market Continue without finding a bullish course. This Wednesday, Bitcoin (BTC) and Ethereum (ETH) They register new moderate casualties, maintaining with difficulty above US $ 114,000 YU $ S3.600, respectively.
The weakness extends to the rest of the ecosystem. The Altcoins fall up to 6%headed by Litecoin, Hyperliquid (-4.2%), Stellar (-3.1%) and sui (-2.3%).
To this panorama is added the persistent DISASSEMBLY OF POSITIONS IN BERIZED FUNDS (ETF) of Bitcoin, that registered significant net outputs again. On the last day, the 11 ETF closed with negative results, accumulating losses for US $ 196.2 million and completing four consecutive days of output flows, Your worst streak since April.
According to analysts, the background of this correction is found in the latest macroeconomic data published in the United States. The PMI index of the SMI services sector showed a slowdown in July, reflecting an unavailable combination: Inflation pressed by tariffs, weakness in employment and disruptions in commerce. A painting that ignites alerts on a possible stagflation scenario.
The previously known job data also generated concern. In July, only 73,000 jobs were created and the May and June figures were corrected downward. “This contrasts with the solid growth of registered employment at the beginning of the year, when private hiring began to cool after the implementation of new commercial barriers,” they said from Danske Bank.
The markets continue to look at the US economy data, in search of catalysts
In this context, Agost’s next employment and inflation dataor – previous to the meeting of the Federal Reserve of September 17 – will be key to defining if the agency begins a new cycle of monetary relaxation. An eventual rate of rates would be well received by investors and could benefit risk assets, including cryptocurrencies.
According to Bloomberg, the options on the SFE rate – market reference to anticipate the movements of the Fed – already discount possible cuts in each of the remaining three meetings of 2025, with a cumulative decline of up to 75 basic points.
On the other handcommercial uncertainty persists. Yesterday, President Donald Trump threatened to apply a 35% tariff to imports from the European Union if the block does not advance with an investment of US $ 600,000 million in the United States, in line with the agreement reached at the end of July. Last week, Brussels had decided to temporarily suspend his countermeasures.
Despite the adverse context, Some analysts retain a constructive vision. From QCP Capital they argue that the market substance structure is still positive. “The recent fall seems more a technical correction than a capitulation signal,” they said.
In that sense, they warn that a bitcoin rebound above $ 115,000, accompanied by higher positive flows to ETF and A compression in implicit volatility could quickly reverse the feeling of the market.
Source: Ambito
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