Cryptocurrencies experience a recovery this Wednesday. The Bitcoin (BTC) rises 2% in the last 24 hours, according to Binance, exceeding US $ 82,600, while Ethereum (eth) continues to fall of up to 1.2% au $ 1,880.
The Altcoins, meanwhile, operate with a majority of increases of up to 20% in which Pi stands out, followed by Avalanche in 6.7% and Dogecoin (4.5%).
Investors do not rule out greater falls in the world of cryptocurrencies
It is relevant to mention that, on the last day, the United States Stock Exchange and Securities Commission (SEC) decided to postpone decisions about requests to Create quoted funds (ETF) of XRP, Doge and Litecoin (LTC). Although Bloomberg analysts estimated 90% probability for LTC, 75% for Doge and 65% for XRP to obtain approval before the end of the year, the indecision of the regulator has kept the market waiting.
Meanwhile, the market is still very aware of Commercial decisions of the US PresidentDonald Trump. Yesterday, Trump announced his intention to increase tariffs on the imports of steel and aluminum of Canada to 50%, in response to the electricity tax that Ontario had imposed on US exports. However, after the suspension of said tax by Ontario, Trump reported that he would not implement the increase in tariffs, although 25% tariffs on steel and aluminum, which affect Canada, Australia, the EU and other countries, have already entered into force on Wednesday.
In response, the European Union announced that it will impose tariff countermeasures on US products for a value of 26,000 million euros As of April, which increases uncertainty in markets, especially among risk assets, due to the fear of a possible recession in the US. In this context, Goldman Sachs has reduced its US growth forecasts. UU. By 2025, lowering them from 2.4% to 1.7%. This review follows that of Morgan Stanley, which cut its prognosis for this year from 1.9% to 1.5%.
The QCP Capital coverage fund warns that, until the cryptocurrency market finds a new narrative, There could be a greater correlation between BTC and the shares in the short term, since both risk assets are close to their recent minimums. With the tariff risks still present, volatility is expected to increase, especially as key macroeconomic data publications approach in the US.
As for inflation, Today the February Consumer Price (CPI) index was known in the US, a crucial fact to calibrate the monetary policy of the Federal Reserve. The year -on IPC fell 2.8%, compared to 3%registered in January, and the underlying inflation, which excludes food and energy, was reduced to 3.1%, both indices exceeding the forecasts of the Consensus of Analysts. Last week, the Beige Book of the Federal Reserve had already anticipated an increase in inflation due to tariffs.
Source: Ambito
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