The crypto market experienced another relatively calm day on Tuesday despite the widespread pessimism on the impact of Trump administration’s tariffs on the economy.
Bitcoin (BTC) reached 1% in the last 24 hours, trading at about $ 95,400 and within the sight of topping $ 96,000 for the first time since the second half of February. CoinDesk 20 – an index of the top 20 cryptocurrencies by market capitalization except Stablecoins, Exchange Coins and Memecoins – Rose 1.1%, with Bitcoin Cash (BCH) emitting the remaining index by surging 6.3%.
Crypto stocks were relatively mute performances on Tuesday, with coinbase (coins) and strategy (MSTR) up to 0.9% and 3.3%, respectively. Janover (JNVR), continues to benefit from the Sol’s accumulation approach, rising another 16%.
The Stock Market also continued its recovery from early April-Tariff mandatory panic, along with S&P 500 and Nasdaq each increases 0.55%.
For some observers, market performance seems pointless from the wave of economic data that suggests that US -economic activity is slowing down due to tariff policies released by the White House.
Consumer’s confidence has come to its lowest level since May 2020, according to a conference conference survey, as the consumer perspective struck at the lowest point since 2011. Meanwhile, the Jolts survey indicated that work openings fell to 7.19 million in March compared to the expected 7.5 million.
In Fresh Tariff News, commercial Secretary Howard Lutnick today said a trade deal was reached to an unspecified country, even though the deal was still needed to be stabbed to the leaders of the country.
Some shades in the rally
“It’s hard to keep up with how blind the market is,” Jeff Park, head of Alpha’s strategies in Bitwise, Na -Post In X.
“A fed cut means nothing if the US credentials are permanently impaired in the global community such as the result of the dollar weapon,” Park said, referring to the recent speculation that if the US central bank would be forced to lower the rates to counter the impact of Trump’s tariffs. “That’s the wrong conversation we’re talking about here,” he continued. “The myopic focus on If (we) gets a fed cut in May/June is completely unrelated if the notion of no risk without knowing that it is the start -up forever, which means the cost of capital worldwide is higher.”
