BTC pulls back after month-long rally; easing macro risk may shift attention to stocks and altcoins
Bitcoin (BTC) slipped below $102,000 early Monday after briefly spiking to $106,000 following the announcement of a 90-day U.S.–China trade truce. The pullback marks a pause in Bitcoin’s month-long rally that began after bottoming below $75,000 in mid-April.
At the time of writing, BTC trades at $101,300, down 3% in the past 24 hours, underperforming U.S. equities, which surged on the same news.
Key Highlights:
BTC drops below $102K after nearly reaching $106K
Month-long rally from $75K April lows to $105K peak sees healthy correction
Nasdaq up 3.9%, S&P 500 up 3.1% on trade optimism
Analysts say Bitcoin’s prior outperformance makes it ripe for consolidation
Easing tariff risk may shift bullish sentiment toward altcoins and U.S. stocks
Buy the Rumor, Sell the News?
Bitcoin’s retreat reflects a classic case of the Wall Street maxim:
“Buy the rumor, sell the news.”
Since Trump’s early April tariff shock, Bitcoin had rallied over 40%, outpacing both U.S. stocks and altcoins. But with the trade truce now official, some market participants appear to be taking profits, anticipating that other risk assets may start to catch up.
“Bitcoin has been the clear outperformer so far, largely because it remains insulated from tariff-related risks,”
said Aurelie Barthere, Principal Research Analyst at Nansen, in a note shared with CoinDesk.
“Now that U.S. equities, altcoins, and the dollar have room to catch up, BTC may underperform short term.”
Stock Markets Soar, BTC Pauses
S&P 500: +3.1%
Nasdaq Composite: +3.9%
Gold: Drops to $3,208 as safe-haven appetite wanes
DXY (U.S. Dollar Index): Rises to 1-month highs
The Bitcoin drawdown is consistent with recent macro shifts. While BTC surged aggressively in response to early tariff escalations, the reduction in inflationary pressure and improved liquidity now favor assets with direct exposure to global trade — like stocks and industrials.
Analysts Still See Long-Term Tailwinds
“The 90-day pause sends a clear short-term bullish signal for all risk assets, including crypto,”
said Kirill Kretov, Trading Automation Expert at CoinPanel.
“But the window is limited. Without a broader deal in place, volatility could return as the deadline nears.”
Kretov also noted that lower tariffs improve global liquidity, reduce inflation, and benefit Bitcoin’s macro outlook, even if the rally pauses in the short term.
