Bitcoin in May: Profit and Caution Amid Macroeconomic Signals
After two losing months, April brought Bitcoin a 14% increase, reaching $96.5 thousand at the beginning of May. Experts from RBC-Crypto predict a moderately optimistic May for the leading cryptocurrency, despite conflicting macroeconomic signals.
Geopolitical tension, trade wars, and fears of stagflation in the US sustain interest in Bitcoin as a safe-haven asset. Expectations of an interest rate cut by the Fed in June may further stimulate appetite for riskier assets.
However, signs of recession in the US economy, such as negative GDP growth, created trading in the range of $80-106 thousand, locking in profits at the upper limits. For altcoins, the prospects are less clear, with the main focus on Bitcoin's dynamics.$BTC $ETH $BNB
