Bitcoin He regained the level of USD 90,000 for the first time since March, when investors jumped into the cryptography on the second day among turbulence on the stock exchange.
The price of Bitcoins was last by over 3% at USD 90,200, according to Metrics Coin, its highest level from March 7. On Monday, it increased by another 3%. Bitcoin is now excluded from April by about 21%.
Bitcoin increases by about 20% compared to April
Big up Ruch this week coincided with Another sale in American actions Monday, when Trump raised his campaign for pressure as the chairman of the Federal Reserve Jerome Powell, demanding immediate reduction of rates When Trump's administration examines whether Powell can be legally released before its term ends in May 2026.
The US ETF, which follow the price of Spot Bitcoin, registered $ 381.4 million on Monday. They were theirs The largest daily influx From January 30, when they published $ 588.2 million, and their fourth day of influx in the last five trade sessions.
The cryptocurrency was very susceptible to the variability of inventory inventory at the beginning of this month, but in the last week it separates from risk assets. In April, it increased by over 9%, along with 9% Gold profit at that time. The S&P 500 has lost 6% of the month so far. The American dollar index dropped by 5%.
“Bitcoin still shows signs of immunity,” said Ed Engel, an analyst at Compass, on a note on Tuesday. “Bitcoin correlation with actions is historically approaching 1.0 during the macro sales; however, its 30-day correlation with S&P is only 0.65”.
“Although we are constructive in the last separation of Bitcoin, the last strength comes with trade turnover,” he added. “This reduces our belief that Bitcoin may exceed the resistance level of USD 93,000 without a significant catalyst, such as FED treatment or tariff contracts. To say, long -term Bitcoin owners remain steadfast, and buying strategies accumulate as long as Bitcoins are smoked … These factors may confirm further resistance to the amyperity of equality and solid income. “
According to the chart analyst Katie Stockton Fairlead strategy, key resistance at USD 88,000 for cryptocurrency. Stockton said that after successful cleaning it would be a positive development of close Bitcoin development, which would cause the next resistance near USD 95,900.
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