Bitcoin Price Analysis!!!
The US stock market is adjusting to recent events, with Trump's tariff pause helping it recover, and Bitcoin rising above 82k.
Major stock indices are still bouncing back from the fear caused by the US trade war. On April 11, the S&P 500 increased by 43.75 points, or 0.83%, reaching 5,531. The Nasdaq rose to 16,555, gaining 168.65 points or 1.02%, and the Dow Jones reached 39,910, up 0.80% or 316.40 points.
The Nasdaq's strong performance shows that investors are willing to take more risks. Because of this, crypto prices have also gone up, with Bitcoin (BTC) increasing by 4.47% to 85k. Ethereum (ETH) rose 5.68% to 1600.
But there are still concerns, and stocks fell after new consumer sentiment data was released. The University of Michigan survey showed consumer sentiment at 50.8 points, down from 57.0 in March, which was below the Dow Jones estimate of 54.2%.
This survey also indicated that fears about inflation are hurting consumer confidence, with one-year inflation expectations rising to 6.0% last month. This worries consumers about their finances.
Ongoing worries about inflation, trade, and a possible recession are affecting the bond market too. Yields on 10-year treasuries rose to 4.466%, showing a lack of liquidity in the market, especially for foreign holders concerned about the political and economic uncertainty under Trump's administration.
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