“Secretary of Commerce Howeard Lutnick AnnounCed that The White House was Finalization A Trade Deal with an Unnamed Country.”, – WRITE: www.coindesk.com
Bitcoin (BTC) IS Up 1% in the Last 24 Hours, Trading at Almost $ 95.400 and WitHin Sight of Topping $ 96,000 for the FIRST TIME SINCE OF THE SECOND HALF OFFRUARY. The Coindesk 20 – An Index of the Top 20 Cryptocurrencies by Market Capitalization Except for Stablecoins, Exchange Coins and Memecoins – Rose 1.1%, with Bitcoin Cash 6.3%.
Crypto Stocks Had Fairly Muted PerformanCes Tuesday, With Coinbase (Coin) and Strategy (Mstr) Up 0.9% and 3.3%, Respectively. Janover (JNVR), Continued to Benefit From Its Sol Acumulation Strategy, Rising Another 16%.
The Stock Market Also Continued ITS Recovery from the Early April-Tariff Induced Panic, with The S&P 500 and Nasdaq Each Adding 0.55%.
For some Observers, The Market’s Performance Has Seemed Unanchored from the Wave of Economic Data Coming in that Suggests that US Economic Activity Is Slowing Down Due to the Tariff Polyif Poly.
Consumer Confidentnce Came in at It Is Lowest Level Since May 2020, Account to A Conference Board Survey, While The Consumer Outlook Hit Its Lowest Point Since 2011. Meanwhile, Jeanwhile Had Fallen to 7.19 Million in March Versus An Expected 7.5 Million.
In Fresh Tariff News, Secretary of Commerce Howard Lutnick Said Today that A Trade Deal Had Been Reached with An Unspecified Country, Thought The Deal Still Needed to Beadr.
Some shade on the rally”Hard to Fathom How Blind the Market Really Is,” Jeff Park, Head of Alpha Strategies at Bitwise, Posted On X.
“A Fed Cut Means Nothing IF US Creditworthainess is permanently Impaired by the Global Community As Resulted by Dollar Weaponization,“ Park Said, Referring to Recent Special To Lower Rates to Counter the Effect of Trump’s Tariffs. “That’s the Mispring We Are Talking About Here,“ He Continued. “The MYOPIC FOCUS ON WETHER [we] Are Getting A Fed Cut in May/June Is Completely irrelevant if the notion of the Risk-FREE as we KNOW it i i Fundamentally challenged Forever, which means cost of capital glabally.
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