The rest of the market operates with a majority of decreases of up to 4.5%headed by Sui, Toncoin (-1.9%) and Shiba Inu (-1.7%). Hyperliquid increases stand out up to 5% and Bitcoin Cash (4.3%).
Cryptocurrencies operate stable, but with a strong rebound in Bitcoin, after relief in the commercial tensions between the United States and China. B ITCOIN (BTC) rises 0.5% according to Binance, exceeding US $ 97,000 while Ethereum (eth) It is located above US $ 1,800.
The rest of the market operates with a majority of decreases of up to 4.5%headed by Sui, Toncoin (-1.9%) and Shiba Inu (-1.7%). Hyperliquid increases stand out up to 5% and Bitcoin Cash (4.3%).
“Bitcoin managed to exceed a relevant technical threshold by breaking its level of consolidation above the US $ 95,000, to quote at the end of the week on the US $ 97.0000. This advance occurs after a brief fall linked to the publication of the US GDP data, which reflected a contraction of 0.3% in the first quarter, in the face 0.4%.
The rebound in risk assets responds to advertisements from Beijingwhere authorities of the Chinese Ministry of Commerce indicated an opening to resume the dialogue with Washington. While they insisted that The United States must eliminate unilateral tariffs As a condition to advance, the most conciliatory rhetoric aroused optimism in the markets.
“If the United States wants to dialogue, you must show its sincerity and be willing to correct its wrong practices,” said the ministry in a statement.
This new tone accompanies the good streak that lives Wall Streetdriven by the solid results of companies such as Goal and Microsoftdespite the most moderate tone of the balances of Apple and Amazon.
ETF, Liquidity and Alcist Signals for BTC
In parallel, the Bag Funds (ETF) Linked to Bitcoin they continue to show a strong investment appetite. Since April 17, only one day closed with a negative net balance and the accumulated flow already exceeds the 3,000 million dollars. In particular, the background Ibit has captured more than 4,500 million dollars Since April 22.
“The ETFs are in two steps forward and one backwards, as we anticipate,” he said Eric BalchunasSenior ETF analyst in Bloomberg.
The growth of institutional demand is also promoted by the business of the businessman Michael Saylorwho communicated that Strategy Plan to raise 21,000 million dollars to expand your position in Bitcoin.
Source: Ambito
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