$BTC

U.S. stocks soar! Why isn't Bitcoin following suit? In the past few days, after the opening of U.S. stocks, the Nasdaq and S&P 500 indices experienced significant increases, completely making up for the declines caused by Trump's tariffs. Although Ethereum is skyrocketing, Bitcoin hasn't really budged. This is the first time since April that there has been no reaction to positive news; what's going on?

First, let's take a look at why U.S. stocks are surging this time. Starting from April 9, Trump first suspended reciprocal tariffs to stabilize the trade war's pace. Then, on April 22, he publicly denied plans to fire Federal Reserve Chairman Powell, stabilizing expectations for monetary policy. At the end of April, he also stated that he would not seek re-election in 2028, reducing political uncertainty. From the U.S.-UK agreement to the U.S.-China joint statement, how the market was manipulated by him, and how it was brought back. Especially the U.S.-China joint statement, which directly became the catalyst for this round of increases. However, it is worth noting and reminding that a similar joint statement was made between the U.S. and China in 2018, and not long after, the U.S. flipped and imposed more tariffs. Additionally, apart from Trump's abrupt maneuvers, another reason for the surge in U.S. stocks is the economic data released in April and the strong corporate earnings reports; the U.S. economy is not as bad as the market expected. Therefore, the easing of tariff policies, strong economic data, and impressive corporate performance have allowed U.S. stocks to enter a recovery mode, leading people to feel that the worst may be behind us.