Cryptocurrencies operate with losses, despite a certain truce in the US with tariffs and institutional demand for Bitcoin ETFs. In that context, Bitcoin low 0.6% and quotes at US $ 94,000 according to Binance, while the most operated 20 descend up to 2.7% headed by Hedera, Toncoin and Chainlink (-2.5%).
In the scope of cryptocurrency companies, the shares of Coinbase, Strategy and the miners have backed away, after the strong profits last week. This cooling comes in a tense economic context, reflected by a mixed sign on Wall Street. In the words of Ipek Ozkardeskaya, Swissquote Bank’s senior analyst, “The good news is that several days have passed without new Trump attacks, but the bad news is that the tariff situation remains without clarity.”
At the macroeconomic level, the Dallas Fed manufacturing index fell abruptly, marking its worst performance from the Covid-19 pandemic. This, together with a significant fall in cargo shipments from China to the US and the fear of an increase in Chinese products prices, It generates concerns about the impact of commercial tensions on the world economy.
What the market analyzes
Despite this panorama, attention is still set in key indicators such as consumer confidence, the GDP of the first quarter, and the employment reports that will be published this week. In addition, the expectation of cuts in the interest rates of the Federal Reserve (FED) persists, with the market anticipating between three and four cuts by the end of the year.
As for the cryptocurrency market, appetite for Bitcoin ETF in cash continues to grow. According to Farside Investors data, net tickets have exceeded 3.2 billion dollars in the last week, highlighting the BlackRock Bitrock ETF Ishares Bitcoin Trust (Ibit), which recorded tickets of 970.9 million dollars. Eric Balchunas, Senior ETF analyst at Bloomberg, comments that “the ETFs are in two steps forward after one backwards, exactly the pattern we prejudice.”
Bitcoin continues to be an attractive asset, especially for institutional investors, who renew their confidence in their potential as a refuge of value in times of economic and geopolitical uncertainty. In fact, Arizona is advancing with bills to establish Bitcoin reservations, What could make it the first state to officially adopt the asset, marking a milestone for institutional adoption.
Expectation with the price of Bitcoin
At the price level, Bitcoin remains in a range between US $ 90,000 YU $ S98,000, with volatility that could generate important settlements in long and short positions. According to Bitget, a fall of a thousand points could liquidate more than 146 million dollars in long positions, while a similar rebound could affect more than 279 million in short positions, suggesting that the market is anticipating a short -term correction.
Despite these movements, the general feeling remains optimistic. Whales continue to accumulate Bitcoin and institutional investors are renewing their trust, which reinforces the positive perspective for the asset in the coming weeks.
Matías Alberti, Country Manager of Coinbase Argentina, points out that “the profitability of Bitcoin is increasingly aligning with that of gold, which suggests that Bitcoin could be drawing its own path in global financial markets.” This observation highlights the maturation of Bitcoin as an asset of value reserve, less vulnerable to the fluctuations of traditional markets and international tariff disputes.
In a global uncertainty environment, Bitcoin is emerging as an increasingly attractive option for investors who seek to diversify their portfolios and protect their capital against macroeconomic forces that affect traditional assets.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
