Cryptocurrencies: bitcoin fluctuates between gains and losses, after data and interest rates
Around 4:05 PM (Brasilia time), bitcoin was down 0.43%, priced at US$ $ 102.969,46, while Ethereum fell 2.66%, to US$ $ 2.530,55, according to data from Binance.
On this Thursday (15), bitcoin fluctuated between gains and losses reacting to the reading that the impacts of American tariffs were limited and that the April data from the United States suggest a slowing economy. This scenario alleviates stronger inflationary pressures and reinforces bets on a possible interest rate cut by the Federal Reserve later this year, according to analysis from ING.
Around 4:05 PM (Brasilia time), bitcoin was down 0.43%, priced at US$ $ 102.969,46, while Ethereum fell 2.66%, to US$ $ 2.530,55, according to data from Binance.
According to Christopher Lewis, analyst at FXEmpire, bitcoin is operating in consolidation mode. "The crypto seems to have been a bit stretched technically, and now enters a breathing phase," he commented.
On the macroeconomic radar, the US Producer Price Index (PPI) fell in April, contrary to expectations. Meanwhile, the core of the indicator accelerated to 3.1% year-over-year. Retail sales rose 0.1%, weekly jobless claims remained stable, and the Empire State index fell to -9.2 in May.
For Capital Economics, the data shows little impact from the tariff policy so far. As a result, part of the market has begun to price in a Fed interest rate cut in September.
Despite recent fluctuations, the outlook for bitcoin remains positive. According to Dom Harz, co-founder of the hybrid blockchain BOB, the asset has already surpassed silver and Google in market value, becoming the sixth most valuable in the world. "With that come the opportunities," he stated.