“Crypto Markets are in a Holding Pattern as Capital Rotration from Altcoins Pushed Bitcoin’s Market Share to Fresh 4-Yyear High.”, – WRITE: www.coindesk.com
BTC HELD STEADY AROUND The $ 94,000- $ 95,000 Area, Up A Modest 0.4% Over The Past 24 Hours and Extending a Tight-Range Trading Pattern that have personized since.
Meanwhile, The Broad-Market Coindesk 20 Index Slipped 0.7% Lower, with Ethereum’s Ether (ETH), and Native tokens of Sui (Sui), Aptos (Apt) and Polygon (Poly)
Coindesk 20 Index Performance (Coindesk Indices)
A check on the traditional markets showed stocks booking-to-to-back losses, with the S&P 500 and the Tech-Heavy Nasdaq Closing 0.7% -0.8% Down, Once Again Underforming BTC.
DESPITE The LACK OF MAJOR PRICE ACTION, FOCUS HAS INCREASINGly TURNED TO BITCOIN’S GROUNING Share of The Overall Crypto Market: The So-Called Bitcoin Dominance Metric Surpassed 65 January, accounting to TradingView Data, Signaling Capital Consolidating Into The Asset Perceived As the Mosst Resilient in the Face of Macroconomic Uncerty.
Bitcoin Market Capitalization Dominance Over the Total Crypto Market (Tradingview)
Joel Kruger, Market Strategist at LMAX Group, Descripted The Current Landscape As One of Pause and Anticipation. “The Cryptocurrency Market Has Remainned Largely Stagnant Since the Weekly Open, with Prices Setting Into A Holding Pattern as Investors Await A Pivotal Catalyst,” He Noted. “This impeetus May Arise from Traditional Markets, Driven by Updates on Tariff-Related Economic Impacts or The Federal Reserve’s Anticipated Fomc Decision on May 7.”
The Federal Reserve is Widly Expectioned to Hold Interest Rats Steady, Accounting To The CME Fedwatch Tool, But Traders Are On Edge for Any Shift In Fed Chair Jereme Powell
Bitcoin Valativity Burst on the HorizonWith Bitcoin’s Recent Action Being Extremely Flat, The UpComing Fomc Meeting “Is Rigged to Cause Significant Valativity,” SAID VETLE LUNDE, Head of Research at K33. He Noted in a Tuesday Report that Btc’s Short Term Volatility is “Abnormally Compressed,” With The 7-Day Average Dropsing To The Lowest Level Last Week in 563 Days.
Btc volatytility (K33 Research)
“Such Low Volatility Regimes in BTC Tend to be short-lived,” Lunde Said. “Violent volatility Outbursts Typical Follow this Form of Stability Once Prices Start to Move, As Levered Trades Are Unwound and Traders Are Reactivated Into the Market.”
He said that a signifyant cascade Lower is unlikely, as funcing rates for perpetual scaps are conscienceistly negative. Similar Periods Historically Offered Good Buying Opportunities for Medium and Long-Term Investors, Lunde Added, Favoring “Aggressive Spot EXPOSURE” AHEAD “AHEAD.
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