He cryptocurrency market It operates with disparity at the end of this Monday, May 5. He Bitcoin (BTC) rises slightly and remains above U $ S94,000according to the price of Binancelike the Ethereum (eth)which remains above the US $ 1,800.
As for the Altcoins, their performance is mixed. Moderate increases in BNB, Solana, and Tron are observed, as well as casualties in Tetherus, XRP and Dogecoin, by way of example.
This behavior occurs in a context marked by the last tariff offensive of the US president, Donald Trump, who announced the imposition of 100% rates to foreign audiovisual productions, citing national security reasons.
Despite Bitcoin’s recovery after April tariffsnotable advance has not been observed. According to Nick Ruck, director of LVRG Research, “investors could be too cautious with risk assets such as cryptocurrencies due to the macroeconomic environment of the United States. UU., Although BTC seems to be disconnected from their correlation with US actions,” as ‘Coendesk’ collects.
What the market analyzes
All eyes are placed at the Federal Reserve Meeting (FED) on Wednesday, with a 98% probability that they decide to keep interest rates without changes. Despite this scenario, the market continues to anticipate between three and four cuts, although the statements of the FED officials suggest a more cautious approach, which could generate friction with Trump. Ipek Ozkardeskaya, Swissquote Bank’s senior analyst, points out that “the inflation trajectory remains uncertain due to tariff policy, which has led Fed to adopt a more prudent position.”
Monetary policy becomes a crucial issue again, especially after the recent macroeconomic data that feeds the fears of a possible recession in the US. The Gross Domestic Product (GDP) showed a 0.3% contraction in the first quarter, and employment creation cooled in April, although less expected.
Meanwhile, the market is still attentive to the emergence of new companies with treasury focused on Bitcoin, such as the case of Twenty One, which has requested to be backed by Tether, Bitfinex and Softbank. Javier Molina, senior analyst at Etoro, points out that “Twenty One is marking a milestone at birth as a pure vehicle to accumulate BTC”. This company has captured market attention, promoting its price above the S&P 500, with an increase of up to 347% from the announcement.
The potential impact of these companies on the price of Bitcoin is significant. It is estimated that the capital available to invest could generate an increase of up to 42,000 additional USDs in the price of BTC if capital extensions and strategic purchases are carried out. However, Bitcoin continues to fight to exceed 96,000-98,000, levels where there are important positions trapped from the previous bullish peak, which generates selling pressure.
Despite these challenges, confidence among institutional investors continues to grow. In recent weeks, more than 254,000 BTCs have accumulated additional, especially in quoted funds (ETFs), which reinforces the upward narrative and suggests that many investors still do not see attractive to undo positions at these levels. The key, according to Molina, is to observe how the market reacts in the coming weeks. If the selling pressure is absorbed successfully, we could be facing the beginning of a new revaluation phase for Bitcoin.
Source: Ambito
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