Bitcoin close to $ 95,000 despite customs problems and concerns of the analysts
Bitcoin close to $ 95,000 despite customs problems and concerns of the analysts
- Bitcoin was traded over $ 95,400 on Tuesday and showed resistance despite economic concerns.
- US shares (S&P 500, Nasdaq +0.55%) also continued their recovery from the tariffs at the beginning of April.
- Consumer confidence has fallen to the lowest level since May 2020; Jolts job offers missed the estimates.
The cryptocurrency markets showed remarkable stability on Tuesday and seemed unaffected by the growing pessimism with regard to the economic effects of customs policy of the Trump administration.
Bitcoin increased easily and asserted itself over $ 95,000, while the traditional stock markets continued a recovery trend, which caused some analysts to question whether the markets are adequately taken into account the underlying economic risks.
markets rise despite warning signs
Bitcoin (BTC) continued his positive momentum and rose by about 1%in the last 24 hours to act near $ 95,400
This step brought the important mark of $ 96,000 - most recently observed at the end of February - in striking distance.
The broader cryptoma market showed similar resistance, with the Coindesk 20 index increasing by 1.1%.
Bitcoin Cash (BCH) stood out with a significant increase in 6.3%.
crypto-related shares also participated, but modestly, with Coinbase (coin) increasing by 0.9% and Microstrategy (MSTR) rose by 3.3%, while Janover (JNVR) continued with +16% in connection with his Solana accumulation strategy.
This relative calm with digital assets reflected the strength of traditional shares.
Both the S&P 500 and the Nasdaq Composite recorded profits of 0.55% and expanded the recovery from the panic caused by tariffs at the beginning of April.
business data show sobering image
However, this market recovery took place against the background of increasingly worrying economic indicators, which indicate a possible slowdown that may be connected to the tariff strategies of the White House.
The Conference Board reported that consumer confidence in the USA has dropped to the lowest level since May 2020, with consumer -related component reaching the weakest point since 2011.
At the same time, the latest survey on job offers and work processes (Jolts) indicated a cooled labor market, since the vacancies dropped to 7.19 million in March, which was significantly below the expected 7.5 million.
In addition to this complex political environment, Minister of Commerce Howard Lutnick mentioned on Tuesday that a trade agreement was achieved with an unspecified country, although he noted that ratification is still required, which offered little immediate clarity about the broader customs situation.
analyst warns of market 'blindness' against fundamental risks
This obvious discrepancy between the market performance and the weaker economic data has let alarm bells ring with some observers.
Jeff Park, Head of Alpha Strategies at the digital investment company Bitwise, expressed strong concerns about the perspective of the market.
"It is difficult to grasp how blind the market really is," posted Park on the social media platform X (formerly Twitter).
He argued that the intensive concentration of the market on possible interest reductions of the Federal Reserve overlooks a larger, more fundamental risk.
"An interest rate reduction of the Fed means nothing if the creditworthiness of the United States is permanently impaired by the global community, as is the case due to the use of weapons of the dollar," explains Park and Association with the guidelines of the Trump administration, which exploit the global role of the dollar.
He indicated that speculation about whether the Fed could be forced to reduce interest rates to compensate for the effects of tariffs.
"This is the incorrect price formation that we are talking about here," he continued.
The myopic focus on whether we will get an interest in the Fed in May/June is completely irrelevant if the concept of risk -free loan, as we know it, is generally questioned forever, which means that the capital costs are increasing worldwide.
Park’s comments emphasize a deeper concern: that the markets may attract due to short -term hopes (such as potential interest rate reductions), while they may ignore serious, long -term structural damage to the financial position of the United States and the global capital costs, which were caused by persistent political uncertainty and aggressive trading tactics.
While Bitcoin remains stable near the latest highs, the debate continues whether the current market thickness reflects real resistance or a dangerous disregard for the underlying economic headings.