The price of Bitcoin cools amid anxious macroeconomic data – will 95 thousand dollars keep this week?

Main meals:

• Bitcoin price has decreased along with a decrease in treasury revenues, indicating investor trip to safer assets.

• Bitcoin’s purchases have supported $ 4.28 billion and BTC stock market power over $ 90,000.

• A real outbreak will require about $ 100,000 of bitcoin to separate stocks and stronger liquidity signals.

Bitcoin (BTCIt witnessed a sharp correction of $ 2000 to $ 93,500 on April 28. The price movement tracked this decrease in US Treasury revenues, indicating that traders were looking for the relative safety of the safest assets.

While Bitcoin merchants are moderately satisfied with the 6 % gains made during the past week, there is a constant uncertainty about the reason for the inability of BTC to maintain levels of more than $ 95,000.

The sudden correction in the Bitcoin price after reaching $ 95,500 reflects the performance of the day for the US Treasury revenue. The decrease in the return indicates that investors are ready to accept less revenues to retain bonds, indicating an increase in demand for safer investments. This style indicates a sudden decrease in risk appetite across the main financial markets.

The discounts of Chinese tariff that feed optimism, but American commercial concerns reflected the opposite feelings

Investors have increased optimism during the weekend, as news that China has been quietly reduced to scratch on the semi -selected American connectors and the Circuit Council imports by newsweek on April 25. Especially since the Russian 2000 index in the United States maintains a positive momentum on April 28, and remains near its highest level in more than three weeks.

However, this feeling was reflected after an interview with US Treasury Secretary Scott Payette on CNBC, where he set the responsibility of a commercial agreement on China.

Although the recession risk has increased among the escalating trade tensions, many American companies are currently comparing strong results in the first quarter. According to the FactSet report, 73 % of these companies recorded profits that exceeded analysts’ expectations.

It seems that the frequent failure of Bitcoin in maintaining levels of more than $ 95,000 is linked to wider macroeconomic concerns. In addition, the coded currency deficit Separation of the stock market Trends indicate that investors are not yet convinced of the effectiveness of Bitcoin as a hedge during a potential economic contraction.

There are also fears that many of the last difficulty momentum, which kept the price of bitcoin above $ 90,000, was driven by $ 4.28 billion in BTC acquisitions by strategy Since mid -March. Moreover, 97 % of the previously approved joint shares have been used, raising questions about long -term sustainability of Michael Celor’s accumulation strategy.

Bitcoin is struggling with the contradiction of strong stock profits with total economic concerns

While the stock market benefits from a strong profit season, the price of Bitcoin is weighed through the perceptions of the deteriorating macroeconomic conditions.

American current homes in March recorded the largest monthly decrease in more than two years, as it decreased by 5.9 % compared to the previous month. Meanwhile, China has identified plans to support employment and help exporters after factories reduced production due to poor demand for consumer, according to CNBC.

Related to: Crypto ETPS has reached the third largest registered flow at $ 3.4 billion-Coinshares

Given the current global economic uncertainty, a continuous gathering in BTC above $ 100,000 will require more than one week of strong flows in boxes circulating in Bitcoin exchange (ETF), especially since this coincides with a large purchase activity of the strategy.

For investors, confidence in a New bitcoin all the time In 2025, the cryptocurrency must show a clearer of the US Securities Market and provide more evidence that central banks will inject liquidity to prevent the crisis.

Nowadays, merchants focus on the course of American interest rates and the possibility of reflection in the federal reserve Public budgetWhich can end a period of tightening cash, which has lasted for more than two years.

This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.