Bitcoin (BTC) fell early in the US trade session, but mainly remained firm as the poor macroeconomic news arrived.
The upper cryptocurrency at the end of the day was quoted just below $ 95,000, 0.5% more in the last 24 hours. The Coindeesk 20, an index of the 20 largest cryptocurrencies for market capitalization, excluding memecoins, currency exchange, was more or less flat during the same period of time.
The encryption stocks such as Coinbase (Coin), Strategy (Mstr) and the miners were losing modest land after large profits last week. The notable exceptions included Janover (JNVR) and Defi Technologies (DFTF), ahead 24% and 6.5%, respectively, even as sun, the token that both companies accumulate aggressively, fell around 3% during the day of the United States.
Meanwhile, gold increased almost 1% and the dollar index fell 0.6%. The S&P 500 and Nasdaq reached their maximum point in the green at the end of the session after submerging more before 1%.
The Dallas Fed manufacturing index, a typically little noted economic database, fell to -35.8 from -16.3 last month, much worse than the expectations of analysts of an impression -14.1 and the worst performance since Covid flew to the world economy.
“Dallas Fed Manufacturing Survey.
Hostilities between India and Pakistan could also have added to the nerves of the market, with Pakistani defense minister Khawaja Muhammad Asif stating that an Indian military incursion in Pakistan was imminent. Last week, 26 people were killed in a terrorist attack in Pahalgam, a popular caromira tourist destination controlled by India. The two countries have exchanged fire since then.
