#MarketRebound
Following the temporary suspension of new tariffs by the United States (Tariffs Pause), global financial markets, including stocks and cryptocurrencies, have recorded a strong recovery.
The S&P 500 and Nasdaq indices both surged, while the crypto market also showed positive signs.
Signs of recovery in the Crypto market:
Bitcoin (BTC):
Initial positive reaction: BTC surged strongly right after the news, surpassing the 83,000 USD mark.
However, afterwards: profit-taking pressure emerged, and BTC adjusted to around 79,000 - 80,000 USD.
Increased alongside BTC, reaching a peak of nearly 1,680 USD.
Then sharply adjusted to the 1,500 USD range, a decline of more than 5%.
Altcoin: Many coins such as SOL, AVAX, BNB also recovered by 5–10% depending on the project.
Main reasons:
Positive sentiment after the US temporarily cooled down the trade war.
Capital from traditional markets is returning to crypto, especially from institutional investors.
Predictions:
If this week's economic data (such as CPI, PPI) does not bring negative surprises, the market may maintain its recovery momentum.
However, geopolitical risks and decisions from the Fed could still cause market fluctuations.