What is the source of information about the relationship between Bitcoin and the stock market?
How is Bitcoin's "resistance" defined in this context?
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Bitcoin proves resilient in the face of discussion about interest rate reductions
Calling urged Fed Chair Jerome Powell to lower interest rates and "stop playing politics," President Donald Trump said
Powell said because it is too soon to decide on policy adjustments, the Fed would maintain a "wait and see" posture.
Though the stock market erased $1.5 trillion, Bitcoin's price stayed constant on Friday, indicating a little change in the link between cryptocurrencies and equities.
If its "safe haven" story takes up speed, Bitcoin may be the winner in the continuing worldwide trade war.
Friday's Bitcoin (BTC) trading over $84,000 shown resilience despite notable stock market falls. The response of the market results from United States (US) President Donald Trump's conflict with Federal Reserve (Fed) Chairman Jerome Powell on interest rate policies.
Bitcoin exhibits fortitude in the face of discussion on interest rate reduction.
President Trump called out Jerome Powell on Truth Social, a social media site, pointing out that now is the ideal moment for the Fed to lower interest rates in light of putting reciprocal tariffs on patterns of international trade. Powell is "always late," he further asserted, therefore he may grab this chance to "change his image." Regarding the declining of interest rates, Trump said Powell should "stop playing politics".
The social media post of President Trump arrived a few minutes before Powell's address at the Virginia Society for Advancing Business Editing and Writing Annual Conference.
Powell said that before changing any policy, the Fed would keep an eye on economic indicators and balance any hazards. He pointed out that the central bank is in a strong enough position to wait on changes until the economic situation is more clearly defined.
The Fed's choice to maintain a "wait and see" strategy for rate reductions caused further losses all throughout the financial markets. While the S&P 500 and Nasdaq 100 dropped 5.9% and 6%, respectively, US stocks saw faster declines.
Precious metals also responded poorly; Gold dropped 2.6% and Silver dropped almost 8% on the day.
Still, Bitcoin and crypto values remained constant in face of more general market volatility. While XRP and Solana are up 3% and 5%, respectively, Bitcoin momentarily returned the $84,000 level.
After separating from markets, Bitcoin safe haven story gets pick-up speed.
The strong posture of the crypto market in front of a stock collapse suggests that the relationship between crypto and equities is erasing. It also shows a taste for crypto assets because Trump's tariffs may start a protracted worldwide trade spat.
If equities and Gold keep sliding, the response of the crypto market fits the story of Bitcoin's safe-haven during times of great market volatility, which might attract to investors.
Similar trends also applied to Bitcoin during the 2020 COVID-19 epidemic. Starting 2020 trading at around $7,161, Bitcoin With Bitcoin falling to a lowest of $4,900 in March, the epidemic set off an initial plunge across cryptocurrencies and markets.
The top crypto dissociated from its relationship with equities, however, rapidly climbing in the following few months while markets continued under pressure from the epidemic.
Given Bitcoin dropped with equities during the last two months, like it did during the 2020 epidemic, when Trump started suggesting tariffs in February, the market might carry out a similar action. Now starting to show strength, the leading cryptocurrency gains over 2% despite the S&P 500 losing almost $1.5 trillion on Friday. This draws attention to a little decoupling from stocks, akin to that in mid-March 2020.
Should Bitcoin retain its footing in the next weeks, its safe-haven story might gather up speed, hence increasing its attractiveness as Trump's trade battle strains financial markets.
But a fall below the $80,000 support would contradict the argument and maybe cause significant sell-offs for the leading cryptocurrency.
#TrumpTariffs #PowellRemarks #CryptoTariffDrop #WhaleMovements #TRUMP $BTC $SOL $TRUMP
Powell said because it is too soon to decide on policy adjustments, the Fed would maintain a "wait and see" posture.
Though the stock market erased $1.5 trillion, Bitcoin's price stayed constant on Friday, indicating a little change in the link between cryptocurrencies and equities.
If its "safe haven" story takes up speed, Bitcoin may be the winner in the continuing worldwide trade war.
Friday's Bitcoin (BTC) trading over $84,000 shown resilience despite notable stock market falls. The response of the market results from United States (US) President Donald Trump's conflict with Federal Reserve (Fed) Chairman Jerome Powell on interest rate policies.
Bitcoin exhibits fortitude in the face of discussion on interest rate reduction.
President Trump called out Jerome Powell on Truth Social, a social media site, pointing out that now is the ideal moment for the Fed to lower interest rates in light of putting reciprocal tariffs on patterns of international trade. Powell is "always late," he further asserted, therefore he may grab this chance to "change his image." Regarding the declining of interest rates, Trump said Powell should "stop playing politics".
The social media post of President Trump arrived a few minutes before Powell's address at the Virginia Society for Advancing Business Editing and Writing Annual Conference.
Powell said that before changing any policy, the Fed would keep an eye on economic indicators and balance any hazards. He pointed out that the central bank is in a strong enough position to wait on changes until the economic situation is more clearly defined.
The Fed's choice to maintain a "wait and see" strategy for rate reductions caused further losses all throughout the financial markets. While the S&P 500 and Nasdaq 100 dropped 5.9% and 6%, respectively, US stocks saw faster declines.
Precious metals also responded poorly; Gold dropped 2.6% and Silver dropped almost 8% on the day.
Still, Bitcoin and crypto values remained constant in face of more general market volatility. While XRP and Solana are up 3% and 5%, respectively, Bitcoin momentarily returned the $84,000 level.
After separating from markets, Bitcoin safe haven story gets pick-up speed.
The strong posture of the crypto market in front of a stock collapse suggests that the relationship between crypto and equities is erasing. It also shows a taste for crypto assets because Trump's tariffs may start a protracted worldwide trade spat.
If equities and Gold keep sliding, the response of the crypto market fits the story of Bitcoin's safe-haven during times of great market volatility, which might attract to investors.
Similar trends also applied to Bitcoin during the 2020 COVID-19 epidemic. Starting 2020 trading at around $7,161, Bitcoin With Bitcoin falling to a lowest of $4,900 in March, the epidemic set off an initial plunge across cryptocurrencies and markets.
The top crypto dissociated from its relationship with equities, however, rapidly climbing in the following few months while markets continued under pressure from the epidemic.
Given Bitcoin dropped with equities during the last two months, like it did during the 2020 epidemic, when Trump started suggesting tariffs in February, the market might carry out a similar action. Now starting to show strength, the leading cryptocurrency gains over 2% despite the S&P 500 losing almost $1.5 trillion on Friday. This draws attention to a little decoupling from stocks, akin to that in mid-March 2020.
Should Bitcoin retain its footing in the next weeks, its safe-haven story might gather up speed, hence increasing its attractiveness as Trump's trade battle strains financial markets.
But a fall below the $80,000 support would contradict the argument and maybe cause significant sell-offs for the leading cryptocurrency.
#TrumpTariffs #PowellRemarks #CryptoTariffDrop #WhaleMovements #TRUMP $BTC $SOL $TRUMP
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