Bitcoin (BTC) price After reaching the 80 thousand dollar mark over the weekend, it fell back to 77 thousand dollars. Even though the experiment failed, it is positive that the price can hold above $ 75,000. So what is the latest situation in the US markets? What are the expectations?
US markets and oil
Strategy He announced that he bought Bitcoin last week. The company purchased another 3,273 BTC, bringing its total assets to 818,000. to BTC took it out. The average price of $77,906 reflects Saylor’s buying strategy regardless of price. Bitcoin is just below the company’s cost last week. According to the general cost, we can say that the company is profitable.
Stocks rose and oil lost some of its earlier gains following news that Iran had offered the United States a proposal to reopen the Strait of Hormuz; This development offset concerns that efforts to revive peace talks were exhausted. The MSCI Asia Pacific index rose 1.7%, while the emerging markets index rose after a report outlining Iran’s proposal to end the conflict, which includes postponing nuclear talks.
Ministry of Justice Powell Ending the investigation against him was also good for the markets. Trump was unable to dismiss either Cook or Powell. Now Warsh is counting the days until he takes the presidency. The S&P 500 is up nearly 10% since late March and is on track for its strongest monthly performance since 2020.
Cryptocurrencies and Bitcoin
war-induced inflation risks It is still ongoing and no solution was reached this weekend. It is possible that on Wednesday, the Fed will take this issue more seriously and include it in its agenda, and we will see increased references to the war in the announcement text. Therefore, investors must be cautious in this regard.
On the other hand, earnings reports of trillion-dollar giants will be announced throughout the week. The scenario in which Warsh would cut QE and cut interest rates was outlined in Senate testimony last week, but as inflation rises sharply trump Even if he were president, he might not be able to lower interest rates. Since the PCE report will also arrive this week, it seems likely that volatility in cryptocurrencies will increase due to macro concerns.
At 20:15, Trump will meet King Charles and for now, he does not have any other planned events to announce.
