Bitcoin (BTC) Price More than $ 97,000 and we saw up to $ 97,895 in the daily. Although the weather is extremely positive for BTC, it is difficult to force the same thing for subcoins. Fortunately, we know that this positive atmosphere will benefit sooner or late subcoins. So what’s the basis of this ascension environment?
Why is Bitcoin rising?
After the workforce data came above expectations today, the stock markets began to rise because the possibility of recession was moved away. TrumpAll the losses of the Day of Liberation Day have been reversed by harsh rise.
In April, 177 new employment was provided and 135 thousand expectations were exceeded according to the survey data. However, there is still a decrease compared to March, and it will be positive how the FED evaluates this data on Wednesday.
S&P 500 has earned close to 2 %today. Trump’s daily closing level after the announcement of the tariffs on April 2 was thus exceeded. If you remember, at the beginning of last month, exactly 1 month ago, the US stock markets are experiencing decreases that would not look for crypto currency graphics and we see daily trillions of dollars of dollars.
Today, concerns about tariffs are balanced and the fear of recession is broken and the losses in the stock market are compensated. Of course Crypto Coins He has not yet been able to achieve the desired gains.
USA and China
Chinese The statements made by the Ministry of Commerce today represented the tariff front of the recovery in the markets. Reconciliation with Canada, the first agreement to be signed next week and softening with China, the dark clouds of the tariffs are dispersed by us. We’ve been talking about wearing the summit of Mount Horrnah for weeks. Now we’re on the skirts of that mountain.
Ajay Rajadhyaksha, Chairman of the Global Research of Barclays, said;
“This rally seems to be based on the expectation of the worst in relation to customs tariffs. Actually, the opposite is the opposite. The worst has not yet appeared in the data. Nothing has been seen yet in the data.”
At this point, the Fed must take action to reduce interest rates and start to relaxation by starting to relax, employment and expenditures (will be reflected in the data) should break the pressure.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
