The cryptographic market experienced another relatively quiet day on Tuesday despite generalized pessimism on the impact of Trump administration tariffs on the economy.
Bitcoin (BTC) has increased by 1% in the last 24 hours, quoting almost $ 95,400 and the sight of $ 96,000 for the first time since the second half of February. The Coendesk 20, an index of the 20 main cryptocurrencies for market capitalization, except the stables, exchange currencies and memecoras, increased 1.1%, with Bitcoin (BCH) cash that eclipses the rest of the index by increasing 6.3%.
Crypto’s actions had quite extinguished actions on Tuesday, with Coinbase (Coin) and Strategy (MSTR) rose 0.9% and 3.3%, respectively. Janover (JNVR), continued to benefit from its sun accumulation strategy, increasing another 16%.
The stock market also continued its recovery from panic induced by early April-Tarifa, with the S&P 500 and Nasdaq each adding 0.55%.
For some observers, market performance seemed not to be notified of the economic data wave that suggests that the economic activity of the United States is slowing down due to tariff policies unleashed by the White House.
The consumer’s confidence came at its lowest level since May 2020, according to a survey of the Conference Board, while the consumer’s perspective reached its lowest point since 2011. Meanwhile, the Jolts survey indicated that employment openings had fallen to 7.19 million in March versus 7.5 million expected.
In News News Fresh, the Secretary of Commerce Howard Lutnick said today that a commercial agreement had been reached with an un specified country, although the agreement should still be ratified with the leaders of that country.
A little shadow in the rally
“Difficult to understand how blind is really the market,” Jeff Park, head of Alfa strategies A Bitwise, published in X.
“A fed cut does not mean anything if the solvency of the USA. It is permanently affected by the global community as it resulted in the dollar weapon,” Park said, referring to recent speculation about whether the United States Central Bank will be forced to reduce rates to counteract the effect of Trump’s rates. “That is the wrong price we are talking about here,” he continued. “The myopic approach to itself [we] Obtaining a fed cut in May/June is completely irrelevant if the notion of riskless, as we know, is fundamentally challenged forever, which means that the cost of capital worldwide is rising. “
