Is the confidence in Bitcoin stable? Macroeconomic data shines + Steady ETF inflows
QCP Capital's latest analysis states that last Friday's macroeconomic data from Brazil "exceeded expectations": 177,000 new non-farm jobs, and the unemployment rate remained steady at 4.2%. Although the data is solid, economists remind us that the actual impact of recent tariff increases has not yet fully manifested, and market sentiment remains cautious.
The Federal Reserve is very likely to keep interest rates unchanged this week, prioritizing stability. More critically, despite Strategy experiencing record losses in the first quarter, it doubled its financing target to $84 billion, showcasing its determination towards a long-term Bitcoin strategy. Meanwhile, the Bitcoin ETF continues to see stable inflows, with institutional buying ongoing, continuously providing the market with confidence boosts.
