Cryptocurrencies advance with forcein line with the profits on Wall Street, disregarding the prudence messages issued by the Federal Reserve (Fed). The Bitcoin (BTC) breaks with the psychological barrier of the US $ 100,000 after a rise of more than 6% In the last 24 hours, according to the binance price, while The Ethereum (ETH) exceeds US $ 2,000 with an improvement greater than 20%.
The enthusiasm extends to the whole of the Altcoins, highlighting the increases in SUI (+20.2%), Dogecoin (+14.6%) and Chainlink (+14.2%). In this context, virtually none of the greatest cryptocurrencies of greater capitalization records losses so far this day.
What the market analyzes
Analysts link this renewed euphoria in the crypto market with the expectation of a high -impact commercial advertisement by the United States. According to various sources, the US government would be close to sealing an agreement with the United Kingdom, which would mark a milestone from the British European Union (Brexit).
The president himself Donald Trump He will give a press conference at 10:00 Washington time to announce what he described as an “important commercial agreement, with representatives of a large and highly respected country.” In his social truth network, Trump remarked: “The first of many !!!”.
However, from Bloomberg they warn that any pact that is announced could have a limited scope, since the commercial agreements of size usually require years of negotiation.
Meanwhile, the Fed maintains a firm posture. At his last meeting, he decided to leave the interest rate, which is maintained in the range of 4.25% -4.5% since last December. Although the market already anticipated this decision, the attention was concentrated in the tone of the statement and in the words of Jerome Powell. The Central Bank warned that it perceives an increase in risks linked to both unemployment and inflation, which feeds the fear of a scenario of stain in the world’s largest economy.
In the posterior conference, Powell reinforced the idea of caution: he assured that there are no guarantees that feat cuts occur and that the way to follow remains uncertain. As he explained, if the recently announced strong tariffs are maintained, they could translate into greater inflationary pressures, a slowdown in growth and a deterioration of the labor market. “The appropriate thing is to wait and observe,” he said.
From Rabobank, analysts share the vision of a Fed that will take their time. “The Federal Reserve is not in a hurry to cut and is waiting for more clarity about the direction of economic policy. We believe that the staplation dilemma will finally lead to a prolonged pause before resuming the cycle of cuts,” they say.
Specialists also warn that the transfer of tariff costs to consumers could accelerate inflation in the coming months, just when work indicators begin to show signs of fatigue. With a 0.3% drop in GDP in the first quarter, the risk of economic contraction is increasingly real.
Rabobank emphasizes that the effects of tariffs have not yet been fully reflected in economic data, but could begin to be noticed in the May Employment Report. If so, this could justify a cut in June; Otherwise, rates reduction could be postponed until July or even September.
Faced with this panorama, some analysts find a favorable angle for Bitcoin. Zach Pandl, Director of Research at Grayscale, argues that an eventual stagflation could be “positive” for the cryptocurrency. According to their analysis, inflationary and low -growth environments usually damage traditional assets, but benefit those perceived as value reserves. “Bitcoin did not exist during the previous stagns, but can be understood as a modern digital gold form, scarce and increasingly recognized as a value shelter,” he concluded.
Source: Ambito
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