Bitcoin (BTCIt doubled its difference from stocks in Wall Street open on April 21 with the escalation of American trade war tensions.
War reactions trade in fuel BTC price gains
Data from Cointelegraph Markets Pro and Tradingvief BTC/USD showed monthly levels to a date above 88,000 dollars.
Bitcoin continued to the top weekly after a week of catching gold as the latter set up new higher levels of $ 3,430 an ounce.
On the contrary, stock markets were subjected to renewable sale, as the S&P 500 and the nasdaq index fell more than 2 % at the time of this report.
Thus, the newly discovered BTC price force ends trading with stocks as part of the commercial addresses of the war.
These included warnings about the deterioration of relations with the United States from China and Japan, while US President Donald Trump Renew the attacks based on Federal Reserve Chairman Jerome Powell On interest rates.
“Technological stocks have been crushed again during the past week. NVIDIA, NVDA, has decreased more than 15 % since last Monday while many Mag 7 shares are less than 10 %+.” The subject of reaction On x.
“Without technology shares, this market cannot below.”
Copsy also referred to the negative side pressure on the US dollar index (DXY), which has been traded at its lowest level since March 2022.
“Although the US dollar, DXY, falls to the lowest level in 52 weeks less than 99, Bitcoin and gold rises,” and has been summarized.
“The markets need commercial deals as quickly as possible.”
Bitcoin “institutional trust”
Continuing, trading QCP Capital hit an optimistic tone.
Related to: The US dollar goes “no in hand” -5 things that must be known in Bitcoin this week
It seems that Bitcoin, in the latest bulletin for Telegram subscribers, shares some lights from Gold as a hedge against macroeconomic uncertainty after months of failure.
She wrote: “With the completion of the shares last week in red and extending to the clouds in April, the BTC narration as a safe haven or the hedge of inflation is gaining again.
QCP suggested this even Last external flows From the US spot Bitcoin Trading Funds (ETFS) He may recover soon.
“In fact, we are already witnessing early signs of the return of institutional confidence. ETF Spot BTC’s flows turned to positive last week with net flow of $ 13.4 million, on the blatant opposite with $ 708 million in the previous week.”
“In options markets, location identification has become more balanced. Risk reflection throughout Tenors has faded, separating from the continuous deviation that extends to weeks.”
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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