In addition to the old Wall Street maximum of “buying the rumor, selling the news”, Bitcoin (BTC) has directed lower after the United States and China announced at least a temporary truce in their commercial war.
Bitcoin had been pumping since he gave a little less than $ 75,000 in the days after the Trump President Trump’s release rate. The price finally exceeded $ 100,000 at the end of last week after an agreement with the United Kingdom. However, China was the gorilla and BTC almost reached $ 106,000 in the early hours of Monday after the two countries during the weekend agreed to suspend most of the tariffs of the goods of others for 90 days.
At the time of publication, Bitcoin had backed up at $ 101,300, lower by 3% in the last 24 hours.
Arises from securities markets
However, buy the rumor, sell the news, does not apply to US actions today. Shortly before closing, Nasdaq is higher by 3.9% and S&P 500 at 3.1%.
Is left over? No one can know with certainty, but Bitcoin’s rally from the bottom of April, more than 40% in the earliest peak on Monday, had far exceeded the main American averages. Since Bitcoin was easily the most widespread asset, the considerable low relative performance today makes a little more meaning.
“Bitcoin has been the clear superior performance so far, in large part because it remains isolated from the risks related to the rate,” said Aurelie Barthere, Nansen’s main research analyst, in a note shared with Coindesk. “After the last ads of Besent and Greer, I hope that Altcoins, the US shares and the US dollar, which had a lower yield in the first quarter, will begin to catch up as it improves the broader risk environment.”
Despite today’s setback, Kirill Kretov, an expert in commerce automation in Coinpanel, said that the 90 -day rate pause gave market participants a “clear positive signal and short term” that supports risk assets, including cryptography, despite the fact that the head on Fridays could increase again without a broader treatment once the pause is overcome.
“The lowest rates relieve inflationary pressures and improve global liquidity conditions, which are typically optimistic for BTC and other cryptocurrencies,” he said. “However, keep in mind that this is a temporary arrangement; volatility will probably return as the 90 -day window approaches its end.”
