April 22nd Bitfinex Alpha | Bitcoin at the center of market storm
Bitfinex alpha
Bitcoin has shown respectable recovery between one of the most “most intense” macroeconomic instability in recent years. Despite the 32% decrease in the peak in January, the BTC is still a typical cycle in the previous price increase market. While US stocks and financial bonds have experienced extreme changes reflected by the VIX index, which has soared more than 40 times after five years, Bitcoin has recovered more than 16% on the floor and surpassed most traditional risk assets.
This recovery is the highest level of more than $ 3,300 per ounce, and the “climbing” gold is made at the same time, and the growing story of Bitcoin is growing digital macroscopic. Both assets are increasingly being considered as a world neutral repository in the context of capital flow in the stock market, which is increasingly non -ignition, trade conflict and fluctuating. Recent price behaviors support this paper.
BTC/USD 4H Chart (Source: Bitfinex)
Indeed, the US economy is increasingly increasingly volatile when the US economy converges trade policy, inflation risks and uncertainty of consumer behavior. Jerome Powell, the federal president, presented a careful view of interest rates and emphasized the need for more data in relation to the market growth due to new tariffs and limited imports of China.
Although import prices have decreased slightly due to the decrease in energy prices, this decline is not expected. The new tariffs have been applied recently, and the US dollar weakness is likely to pursue higher inflation in the next few months. This increase cost has begun to spread to consumers, and we appear to have increased 1.4% in retail sales in March. It is evidence that Americans are rushing to buy goods before the expected price rises, which is similar to the defensive response rather than signs of recovery. As inflation pressure increases and consumer psychology weakens, homes can soon be converted to savings rather than spending.
Imported inflation index with the US dollar index
A week, Crypto witnessed the wave of acceptance and innovation in many fields. TETHER has made strategic investments in Fizen, FIZEN, a FINTECH company that focuses on self -management and digital payment wallets, with the goal of using STABLECOIN, such as the use of USDT DAILY through user -friendly tools such as QR code and card reader. This movement reflects the industry’s extensive efforts, especially the industry’s digital assets, which are not around the world.
Meanwhile, Canary Capital has launched a TRON -based ETF, including a part of a larger plan to expand the cryptocurrency investment product in relation to the expectation of a more favorable legal environment to submit an application to the US SEC. In the public sector, Panama announced that it will accept Bitcoin, Ether Leeum, USDC and USDT to pay taxes and urban fees.
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