The Crypto Bazaar experienced another relatively quiet day on Tuesday despite widespread pessimism about the impact of the tariff of Trump administration on the economy.
Bitcoin (BTC) is 1% above the last 24 hours, trading around $ 95,400 and is within topping for the first time after the second half of February. Coindesk 20 – An index of the top 20 cryptocurrency increased by market capitalization except Stabecrimons, Exchange Coins and Memcoin – increased by 1.1%, increased the remaining index by 6.3%with bitcoin cash (BCH).
Crypto Stock on Tuesday performed quite silent up to 0.9% and 3.3% respectively with coinbase (coin) and strategy (MSTR). Janover (JNVR), continued to take advantage of its sol accumulation strategy, increased another 16%.
The stock market also continued its recovery from the introduction of April-tariff-induced terror, adding S&P 500 and Nasdaq 0.55%to each.
For some observers, market performance seems unwanted from the wave of economic data, showing that US economic activity is slowing down due to tariff policies provided by the White House.
According to a survey by the conference board, from May 2020, consumer confidence came to its lowest level, while Consumer Outlook hit its lowest point since 2011. Meanwhile, the Jolts survey indicated that the job inauguration in March was 7.19 million.
In Fresh Tariff News, Commerce Secretary Howard Lutnik said today that a trade deal had reached with an unspecified country, although the deal still needs to be confirmed with the leaders of that country.
Some shadow on the rally
Jeff Park, the head of Alpha strategies on bitwaiz, “How blind the market is really, how it is blind, it is difficult,” Posted On X.
The park said, “A fed cut means nothing, if the American credit is permanently deteriorated by the global community, as a result of the dollar weapons,” the park referred to the recent speculation, saying whether the US central bank would be forced to compete with low rates to combat the impact of Trump’s tariff. “It is wrongly talking here,” he continued. “In May/June (we) fed cuts, myopic focus on it is completely irrelevant if the perception of the risk-free as we know that it is fundamentally challenged forever, meaning that the cost of capital is increasing globally.”
