The crypto market It operates with volatility and fails to give signs of sustained recovery after the last shocks. He Bitcoin (BTC) It falls 1.4% in the last 24 hours and trades below US $ 83,500 according to Binance, while the Ethereum (eth) 2.2%retreat, behind US $ 1,600.
In the early hours of this Tuesday, cryptocurrencies seemed to show a majority of improvements, although on the end of the wheel the trend is clearly negative.
The global context continues to exert a strong influence on the markets. The commercial dispute between the United States and China – starring President Donald Trump – continues to generate uncertainty. Yesterday, stock indices reacted with optimism after the announcement of tariff exemptions to certain electronic products, although the measure was presented as temporary. Trump clarified that both smartphones and chips will continue to face specific rates.
The possibility that the commercial conflict climbs again keeps investors in suspense. During the next few days, representatives of Europe and Asia will visit Washington in the hope of achieving an understanding that avoids the return of tariffs that were postponed for 90 days last week.
Trump’s truce and Fed do not dissipate fear
Although the tariff pause was well received, trust is still fragile. Institutions such as JP Morgan, headed by his CEO Jamie Dimon, warn that the current scenario could push the global economy – and in particular the American – towards a recession. Ray Dalio, influential investor and founder of Bridgewater Associates, goes further: he believes that Trump’s policies could cause a structural disruption of international trade and alter geopolitical relations. “We are traveling from a multilateral order dominated by the United States to a unilateral environment, marked by a deep conflict,” he said recently in NBC News.
From the monetary field, signs of concern are also observed. The governor of the Federal Reserve, Christopher Waller, said that the reactivation of Trump’s tariffs could force a rapid reaction by the Central Bank, with more aggressive rates cuts from the initially planned. According to Waller, the negative effects on economic activity and employment could be durable and would require a more expansive position of monetary policy.
Market expectations reflect this concern: the data of the CME Group Fedwatch tool indicate that investors already discount between three and four cuts of rates in the short term, in fear of a more pronounced deceleration. However, not all of the Fed coincide. Members such as Neel Kashkari or Austan Goolsbee are more prudent, warning about the risks that these cuts could have on inflation.
Despite this convulsive scenario, some voices point to a possible stabilization. From Swissblock they observe that liquidity in the cryptocurrency market is gradually recovering, which could lay the foundations for a sustained rebound in Bitcoin. Jupiter Zheng, a research partner in Hashkey Capital, also interprets the latest movements as a positive signal, and considers that the fact that the United States shows disposition to dialogue could indicate that the worst of the conflict has been left behind.
From the technical analysis, the Bitcoin panorama also offers elements to follow closely. César Nuez, a Bolsamanía analyst, highlights that cryptocurrency remains close to its average of 200 sessions, although it warns that it is in a key support zone. “Only if it exceeds the resistance of the $ 89,020 we can think of an extension of the rally towards the 100,000,” he says.
In this context, the crypto market continues to sail between the hope of a sustained rebound and the fragility imposed by a highly volatile economic and geopolitical environment.
Source: Ambito
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