The cryptography market had another relatively calm day on Tuesday despite the generalized pessimism as to the impact of the Trump administration prices on the economy.
Bitcoin (BTC) has increased by 1% in the last 24 hours, trading at almost $ 95,400 and in view of $ 96,000 for the first time in the second half. The Coindesk 20 – An index of the first 20 cryptocurrencies by market capitalization, with the exception of stabbed, exchange and mecoins – increased by 1.1%, with Bitcoin Cash (BCH) overlap the rest of the index by increasing 6.3%.
Crypto stocks had fairly dispersed performances on Tuesday, with Coinbase (Coin) and the strategy (MSTR) up 0.9% and 3.3%, respectively. Janover (JNVR), continued to benefit from its soil accumulation strategy, increasing by 16%.
The stock market also continued its recovery of the panic induced by the beginning of April, the S&P 500 and the NASDAQ each adding 0.55%.
For some observers, market performance has not seemed anchored the wave of economic data which suggests that American economic activity slows down due to the pricing policies unleashed by the White House.
Consumer confidence has reached its lowest level since May 2020, according to a survey by Conference Board, while consumption prospects have reached its lowest point since 2011. Meanwhile, the JOLTS survey indicated that job offers had fallen to 7.19 million in March against 7.5 million planned.
In Fresh Tariff News, the Secretary of Commerce, Howard Lunick, said today that a trade agreement had been concluded with an undeveloped country, although the agreement was to be ratified with the leaders of this country.
A little shadow on the rally
“Difficult to understand how blind the market,” posted Jeff Park, responsible for Alpha Strategies in Bitwise.
“A reduction in the Fed does not mean anything if the solvency of the United States is permanently altered by the global community, such as the result of the armament of the dollar,” said Park, referring to recent speculation about the question of whether the American central bank will be forced to reduce rates to counter the effect of Trump prices. “This is the bad price we are talking about here,” he continued. “The myopic accent on the question of knowing if [we] Getting a reduction in the Fed in May / June are completely out of words if the concept of without risk because we know it is fundamentally challenged forever, which means that the cost of world capital goes higher. »»
