“The Top Cryptocurrency Has Never Held So Well with Volatility Being SO High, Accounting To Macroconomic Expert Lawrennce McDonald.”, – WRITE: www.coindesk.com
The Top Cryptocurrency is up 2.3% in the Last 24 hours and now Trading for $ 86.800 for the First Time Since April 3 – The Day After the Trump Administration Unveils. Mainly Buoyed by Bitcoin, The Broader Market Gauge Coindesk 20 Index Has Risen 1.17% in the Same Period of Time, With Mist Tokens Relativly UnCCAGED.
Crypto-Linked Stocks Have Also Remainned Stable, with Coinbase (Coin) and Strategy (Mstr) Down 1.2% and 1.3% Respectiely, and Majoor Bitcoin Mines (Mara) (Riot), and Core Scientific (Corz) Slumping Between 2% and 3%.
The Crypto Market’s Resilience is Noteworthhy Considering that S&P 500, Nasdaq, and Dow Jones Have Gone Lower by 3.35%, 3.5% and 3.27 Two Weeks Ago.
Gold, Meanwhile, Is Up 2.9% and Is Now Trading for $ 3.400, While the Dxy (An Index That Measures of the Strength of The Dollar Against a Basket of Other Curencies) Reailed ITS.
“WAS TODAY’S TANDEM IN BITCOIN AND GOLD MERELY HOLIDAY-DRIVEN Noise, or A MEANINGFUL Shift Towards Bitcoin as a safe-Haven Asset? Bitcoin, “Analysts at Crypto Trading Firm QCP Capital Wrote.
“WITH Europe Still on Holiday, Market Confirmation May Take A FEW MORE SESSIONS. The CORREATION BETWEEN BITCOIN, GOLD AND EQUITIES IS ONE TO WATCH CLOSELY.”
Meanwhile, Lawrence McDonald, Former Head of Us Macro Strategy at French Investment Bank Société Générale, Said that It May Be Time to Sell Gold in Favors of Bitcoin.
“Bitcoin Has Never Held Up This Well with A VIX Near 30,” HE POSTED ON X, Calling Bitcoin’s Resiliens A Game-Camenger. “This is a strong sign of a matting bitcoin Market (Good News) and Colossal Encroaching Fiat Currency Stress, USD.”
BTC Vs. SPX (Coindesk)
The Weakness of Stocks and the US Dollar, Put Into Perspective with Bitcoin and Gold’s Strength, May Be Due to Investors’ Conceerns About Trump Potentalally Looking To Fire.
Earlier on Monday, US President Donald Trump Continued Putting Pressure on Powell, Whom He Called A “Majoor Loser” in a Truth Social Post, Sending An already Shaky Stock Market Evenk.
Trump Demanded that Powell and His Team Lower Interest Rates “now,” arguing that there is currently “Virtuly No Inflation” and that costs for many things are doclineing. Neverthaless, Trump Said There’s a Threat That Economy Will Slow Down Unless the Fed Cuts Rates.
Powell’s Term, WHICH STARTED WHEN HE WAS APPOINTED BY TRUMP HIMSELF DURING HIS FIRST FURS YEARS IN THE Oval Office, Is Set To End in May 2026, But Trump Has Been Taying To.
The fed chair was previously argued that is no possible way for the US President to Remove Him Under the Law.
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