Bitcoin (BTC) remained stable above the $ 88,000 on early Tuesday when the Japanese Yen crossed the psychological level of 140 against the US dollar, since the rates and risks of a president of the Federal Reserve were considering in the states extended the attractiveness of safe assets.
Yen increased almost 1% to 139.93 against the dollar, its strongest level since September. Gold increased to frescoes of $ 3,494 on an ounce in the Asian morning hours.
According to the reports, Trump blames the Fed for the economic consequences of the commercial war if the Central Bank does not reduce the rates soon, and the head Usurpes triggers the appearance of independence that the Federal Reserve currently enjoys.
BTC added just over 1% to continue a constant increase since Sunday. Ethher (ETH), Cardano’s Ada, XRP and Sol de Solana showed signs of profits with decreases of up to 3%, as shown in Coingcko data.
Kaspa’s Kas and Polygon’s Pol increased up to 9% to carry profits between the middle layers, although without immediate catalysts.
The merchants indicated that the profits in Bitcoin in the midst of world activities were consolidating their place as a possible risk asset.
“Today’s increase is an additional evidence of Bitcoin’s growing role as a risk asset,” said Gerry O’Shea, chief of Insights Global Market in Hashdex, Coindesk in an email. “In the last five years, Bitcoin has had two -digit returns in the months after the main geopolitical and macro events such as the Covid pandemic, the invasion of Ukraine of Russia and the US banking crisis in 2023”.
“Gold is now quoted by its nominal maximum of all time, which could presage a strong bitcoin yield if the appetite of investors by risk assets increases, while global liquidity is increasing and the regulatory environment of the United States is rapidly improving,” O’Shea added.
The increasing gold prices and the relatively strong price action of Bitcoin (BTC) in the middle of a global market sale have some merchants that review the role of the latter as “digital gold”, a great narration in the first years of Bitcoin, but that has lost steam in recent times.
What analysts say
Meanwhile, graphics observers say Bitcoin crossed a key technical indicator this week that puts it in place for a higher movement in the next few days.
“Bitcoin jumped at 87,500 on Monday, testing the maximums of the end of March,” said Alex Kuptsikevich, the FXPro chief market analyst. “The leading cryptocurrency managed to bounce the 50 -day mobile average, around which it had been around during the last week and a half.”
“A solid closure above the $ 88,000 area would indicate a break in the bearish trend and a return to levels higher than the 200 -day mobile average. A higher safe movement of the current levels would be a key signal for the entire market, once again positioning BTC as the flagship set to lead the way,” Kuptsikevich added.
Mobile averages in financial markets are tools used to soften prices data over time, which shows the average price of an asset (such as an action) for a specific period. Mobile averages of 50 days and 200 days are commonly used because they represent medium and long term trends, respectively.
These periods are widely in a row, which makes them self -fulfill since many merchants act on them, reinforcing their importance.
This is what is a reading of a machine on the market, driven by the insight market insights of Coindesk.
ADA pricing analysis
- Ada broke the key resistance at $ 0.630 in the middle of a broader recovery of the cryptography market.
- The presentation of ETF spot Ada of Grayscale sees 61%approval, which can open doors for institutional investment.
- Clear reversion of reach as of April 21, with a volume significantly increasing to more than 68 million during the rupture sail.
- Fibonacci setback levels suggest continuous potential towards $ 0.650.
XRP price analysis
- XRP established a clear higher trend with a general range of 3.4% ($ 2.039- $ 2,143) during the analyzed period.
- Strong support was identified to $ 2.06, with buyers constantly intervening at this level.
- On April 21 a significant break occurred, when XRP increased 4.3% in just two hours, breaking a previous resistance by $ 2.09.
- The volume analysis confirms the genuine purchase interest, with a commercial activity activity more than 100 meters during periods of rupture.
ETH price analysis
- Ethereum enters the historical “purchase zone” according to analyst Ali Martínez, with ETH operating below the lowest MVRV pricing band, a metric that has previously indicated strong purchase opportunities.
- ETH currently quotes in a close consolidation between $ 1,550- $ 1,630, with a critical support of $ 1,500 and resistance to $ 1,700, since investors expect a decisive breakdown amid global economic pressures.
- Clear support level established at $ 1,570 with resistance to $ 1,650, with a negotiation volume that increases to 490,365 during the recent sale of the sale.
- The price range of 48 hours of $ 1,544- $ 1,593 (3.1%) suggests continuous market instability.
- Fibonacci setback levels indicate a possible consolidation between $ 1,565- $ 1,590 before establishing a definitive tendency address.
