Bitcoin (BTC) maintained stable above $ 88,000 early Tuesday, while the Japanese yen crossed the psychological level of 140 against the US dollar, while the tariff concerns and the risks of a president of the federal reserve were extended to the attraction of the package.
Yen has increased by almost 1% to 139.93 compared to the dollar, its strongest level since September. Gold has reached fresh summits at $ 3,494 per ounce during Asian morning hours.
According to reports, Trump blames the Fed for the economic benefits of the trade war if the central bank does not reduce the rates soon – and dismissing the main usurp the appearance of independence that the federal reserve currently enjoys.
BTC added just over 1% to continue a regular increase since Sunday. ETHER (ETH), ADA, XRP and Cardano and Solana showed signs of realization with 3%drops, according to Coindecko data.
Kaspa Pol Kas and Polygon has increased up to 9% to carry out gains among average capital, but in no immediate catalyst.
Merchants stressed that Bitcoin gains in the middle of the world nails cited its place as a possible risk asset.
“Today’s increase is additional proof of the growing role of Bitcoin as a risky actor,” said Gerry O’Shea, responsible for Hashdex’s world market information in Coindesk in an email. “In the past five years, Bitcoin has experienced two -digit yields in the months that have followed the main geopolitical and macro events such as the cocovio pandemic, the invasion of Ukraine by Russia and the American banking crisis in 2023.”
“Gold is now negotiating at its nominal level of all time, which could foreshadow solid Bitcoin performance if investors’ appetite for risk assets increases – while global liquidity increases and the American regulatory environment improves rapidly,” added O’Shea.
The prices of gold that increase and the relatively high price of Bitcoin (BTC) as part of a global market sale have made it re -examine of the latter as “digital gold” – a great story in the first years of Bitcoin but which has lost steam in recent times.
What analysts say
Meanwhile, graphics observers claim that Bitcoin has gone through a key technical indicator this week that sets it up for a higher movement in the coming days.
“Bitcoin went to 87,500 on Monday, testing the heights of the end of March,” Alex Kuptsikevich, chief analyst of the FXPro, told Coindesk Alex Kuptsikevich. “The main cryptocurrency managed to bounce back on the 50-day mobile average, around which it has been hovering for the week and a half.”
“A solid farm above the $ 88,000 zone would signal a break in the downward trend and a return to the higher level of the 200-day mobile average. A movement confident above the current levels would be a key signal for the entire market, positioning BTC again like the flagship product to show the track,” added Kuptsikevich.
The averages displaced on the financial markets are tools used to smooth prices over time, showing the average price of an asset (like a stock) over a specific period. The 50 days and 200 days mobile averages are commonly used because they represent the medium and long -term trends respectively.
These periods are widely followed, which makes them autonomous because many traders act on them, strengthening their importance.
Here is what is the reading of a machine on the market, fueled by the Bot Insights on the Coindesk market, focused on AI.
ADA price analysis
- ADA broke the resistance of the keys to $ 0.630 in a broader recovery in the cryptography market.
- The Grayscale Ada ETF file sees the approval ratings at 61%, which potentially opening doors for institutional investment.
- A clear optimistic reversal from April 21, the volume going considerably to more than 68 million during the candle in small groups.
- Fibonacci’s retrace levels suggest potential continuation to $ 0.650.
XRP price analysis
- XRP established a clear rise trend with a global range of 3.4% ($ 2,039 to $ 2,143) over the period analyzed.
- Solid support identified at $ 2.06, buyers constantly working at this level.
- A significant escape occurred on April 21, when XRP jumped 4.3% in just two hours, breaking the previous resistance to $ 2.09.
- The volume analysis confirms real purchasing interests, with a negotiation activity at more than 100 m during periods of escape.
ETH price analysis
- Ethereum is entering the historic “purchase zone” according to analyst Ali Martinez, with ETH negotiating below the lower MVRV price band – a metric which previously reported solid purchasing opportunities.
- ETH is currently negotiating in close consolidation between $ 1,550 and $ 1,630, with critical support at $ 1,500 and resistance at $ 1,700, because investors are waiting for a decisive escape from world economic pressures.
- Clear support level established at $ 1,570 with resistance at $ 1,650, with a negotiation volume reaching 490,365 during the recent sale.
- The 48 -hour price range from $ 1,544 to $ 1,593 (3.1%) suggests continuous market instability.
- Fibonacci retrace levels indicate potential consolidation between $ 1,565 and $ 1,590 before establishing a final trend direction.
