Crypto Market – Correlation with US stocks – sees excessive volatility after the US market is opened on Monday.
Today, after doing low transactions up to $ 74,500 in the early hours, the price of Bitcoin, US President Donald Trump in all countries except China, 90 -day pause in tariffs in all countries, a few minutes after the news rose to $ 81.200.
While the rumors turned out to be fake, the BTC continued to trade in the range of 78 thousand dollars – 79 thousand dollars above the basic support levels.
Ongoing trade negotiations, emergency rates from the Federal Reserve and rising global liquidity reports show that it may be time to immerse.
Why is the Bitcoin price pumping?
Great US indices trade like nipple. White House Economic Advisor Kevin Hassett referring to a fake news, President Trump claimed a 90 -day pause on tariffs in all countries except China.
However, the White House later reported that the rumors were fake. Instead, the president doubled and China a Additional 50% Tariff If the 34% imposed on the US last week does not withdraw the march.
As a result, S&P dropped 4.7%, increased by 8.4%, fell by 5.45%, 3.1%returned and 1.5%fell – at the first two hours of the whole process.
However, Bitcoin once again affected investors with its flexibility and relative stability. The BTC gathered at a rate of 9% of its abortions to violate the $ 81,000 sign, and since then it continued to trade in a range of $ 78 thousand – 79 thousand dollars.
More importantly, it continues to keep the 50 -week simple and exponential moving averages marked with pink and yellow on the price chart below. Since March 2023, the BTC has been traded above these levels, and a successful proximity would show that the bull market was not over.
Time to buy the bottom?
While the tariff pause delay news can be fake, financial markets have many reasons to show strength. Hassett revealed this about 50 countries A trade agreement reached the Trump administration to negotiate and mutually reduce tariffs.
The European Union, India and Vietnam are currently meeting with the US.
In addition, there are increasing speculation that the US federal reserve can respond to the market collapse with an emergency cut. Today, a closed meeting of the Central Bank’s Board of Directors fueled rumors.
Moreover, the rising global liquidity, as emphasized by the rapidly growing global M2 money supply, indicates that the lower part is close. The crypto market may begin to reverse up to mid -April, which means that there may be time to dip.
Best cryptos to buy immersion
SIDELED investors should still allocate most of their portfolios to Bitcoin. The leading analysts argue that Bitcoin dominance has gone to 66% in the coming months and the price of Bitcoin can reach $ 150,000 in 2025.
However, Ethereum has also reached a significant level of support. While trade agreements and emergency ratios potentially go down the pipeline, risk-priest analysis takes a long time at the current price point.
SIDELED investors should also pay attention to XRP. Ripple’s close relationship with the Trump administration can make it one of the best cryptos to buy it now. It is approaching a significant support level from $ 1.65, which can offer an excellent purchase opportunity for investors.
Fart Today, considering that there are a few crypto assets that continue to challenge a wider market uncertainty today, another attractive investment.
In the meantime, new crypto assets are also highly demanded. For example, investors buy SOLAXY (SOLX) In the pre -sale, it protects themselves from wider market uncertainty.
Behind the strong whale and retail demand, Solx has already collected about $ 30 million in ICO.
Solaxy, one of the leading Solana layer-2 coins, is probably worthless in pre-sale. As a result, it aims to combat the network blockage that Solana faces during extreme traffic periods, making it one of the integral components of the left ecosystem.
In fact, some early buyers and popular crypto impressers say even the next 100x crypto.
