Bitcoin nears $100K with 5% weekly gains as analysts predict | tweet_ on Binance Square

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Bitcoin nears $100K with 5% weekly gains as analysts predict modest growth until CPI data, while markets continue to rise despite recession warnings in an uncorrelated economy. 📈

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#MarketRebound Here’s what it may take for this beaten-down stock market to solidly rebound The clock striking midnight on Trump’s tariffs set off some wild trading action early Wednesday. Stock futures have been all over the map, since an early slump, though catching more attention has been dramatic action for 10-year Treasury yields that spiked earlier and are climbing again: An auction of 10-year paper later will offer more clues about appetite for U.S. Treasurys, as some have begun to consider a possible emergency rate cut from the Fed.As for stocks, some, like our call of the day from Revere Asset Management portfolio manager Connor Bates, say stocks are poised for a bounce. He says a “short-covering rally in the coming sessions” is likely. “Traders are scared to hold positions overnight, and frustration with the market is widespread. Most people, especially those who’ve been burned recently, have little to no interest in getting involved right now,” Bates said in a string of posts on X.“Monday’s lows are a critical line in the sand — if these levels are convincingly broken, the probabilities for a bounce decrease significantly. However, keep an eye out for an undercut and reclaim scenario,” he said, referring to, for example, the S&P 500 dropping below a key support level, then quickly bouncing back above it. The S&P 500 SPX +9.52% hit a low of 4,835 on Monday. He’s not alone with the rebound call. Raoul Pal, co-founder and CEO of Real Vision financial media company, posted on X that the current market “feels a lot like Dec. 2018.” Stocks had endured weeks of selling and a brutal Christmas Eve, but in January 2019, Fed Chair Jerome Powell signaled a dovish pivot and equities rallied. “I think we get the same, plus a trade resolution with China. Risk in stocks feels like 10% downside max vs 15% upside in 2 weeks, and 25% upside in a month or two, and much more in 6 months,” he wrote.

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#TariffsPause Trump says he will pause tariff hikes for 90 days, but not for ChinaPresident Trump abruptly announced on Wednesday that he would pause big hikes on tariffs for most countries for 90 days, except for China.Most countries will be left with 10% tariffs on their exports to the United States, while China — which had retaliated against Trump's moves — will now face tariffs of 125%. The whipsawing of Trump's tariff policies has weighed heavily on financial markets, and Trump told reporters that those moves — especially in the bond market — had factored into his decision. "Well, I thought that people were jumping a little bit out of line. They were getting yippy, you know. They're getting a little bit … afraid," Trump told reporters at an unrelated event at the White House with race car drivers and team owners.His decision, announced on social media in the middle of the trading day, caused stock prices to soar. Earlier, in a hastily arranged gaggle with reporters outside the White House, Treasury Secretary Scott Bessent insisted that the market chaos caused by Trump's hefty tariffs was not the reason for the policy shift. "This was driven by the president's strategy. He and I had a long talk on Sunday, and this was his strategy all along," Bessent told reporters. Trump defended his about-face on tariffs as a sign of his flexibility. "You have to have flexibility. I could say, 'Here's a wall, and I'm going to go through that wall. I'm going to go through it no matter what,'" Trump said. "Sometimes you have to be able to go under the wall, around the wall or over the wall." Bessent said Trump's steep "reciprocal tariffs" had brought more than 75 countries to seek deals with the United States, and he said that the White House would pursue "bespoke" arrangements with each of them in the coming weeks. "It is going to take some time, and President Trump wants to be personally involved. So that's why we're getting the 90-day pause," he said.

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#BTCNextATH 2025 is expected to be a bullish year for Bitcoin, despite the occasional dips. However, investors are not ready to limit themselves to Bitcoin. They are turning their attention to positioned for long-term gains.In a crowded market, three altcoins exhibit the potential to capitalise on the current market momentum. They present compelling opportunities for those looking to diversify their crypto portfolios this season. Which altcoins are eyeing in 2025? Based on their performance indicators, Solaxy, Bitcoin Bull, and Mind of Pepe are well-positioned to steal the show during the next Bitcoin surge. Solaxy (SOLX) is building a Layer-2 scaling solution for Solana and just broke the $25 million milestone in its viral presale while Bitcoin Bull (BTCBULL) has raised $2 million within a week of launching its presale. Meanwhile, Mind of Pepe (MIND), better known as “ChatGPT for crypto traders” broke the $7 million milestone in its presale. Here’s a look at what’s working in their favour: Solaxy (SOLX) Solaxy’s promising presale is closing in on $25 million even as the broader market goes through ups and downs. What sets apart this new altcoin from the crowd? Why are investors hoarding SOLX before its exchange listing? To begin with, Solaxy isn’t just another token riding on memes. It is Solana’s first-ever Layer-2 scaling solution. With the launch of Solaxy, users won’t have to rely on the congested Solana mainnet.

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#CryptoTariffDrop Bitcoin, Ethereum, and other major cryptocurrencies plunged on Monday as global risk sentiment soured following fresh US tariff plans. The downturn came after US President Donald Trump signaled no retreat from sweeping import duties, raising fears of a looming recession and prompting bets on a potential interest rate cut by the Federal Reserve as early as May.The carnage came as Trump told reporters that investors would have to take their medicine and he would not do a deal with China until the US trade deficit was sorted out. Beijing declared the markets had spoken on their retaliation plans. The new tariff regime includes a baseline 10% levy on imports, with significantly steeper duties on key Asian trade partners: 34% on China, 24% on Japan, 46% on Vietnam, and 25% on South Korea. The European Union was hit with a 20% tariff.According to Fitch Ratings, the effective US import tax rate has soared to 22% under Trump, compared to just 2.5% in 2024—its highest level since 1910.

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#WhiteHouseCryptoSummit JUST IN: 🇺🇸 Crypto Tsar David Sacks says US government sold 195,000 Bitcoin for $366 million over the last 10 years. That Bitcoin would be worth $17 billion today. BIG MISTAKE! 🤦🏻‍♂️

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