Bitcoin price is sold after the Trump identification deal for the United States-and this is the reason

Main meals:

• Bitcoin is backward with investors turning towards stocks after the United States and China compels a deal that might end the current trade war.

• The circumstances of the macroeconomic economy swing from gold investment and return to stocks.

Bitcoin (BTCIt reached the highest price in more than three months at 105,720 dollars on May 12, but she was unable to keep her upward momentum. Interestingly, the decline to $ 102,000 came after a temporary reduction in the conflict of the US tariff China. These merchants were confused about the reason for the Bitcoin reaction negatively to what It looked like a positive Developments.

The 90 -day truce of the truce indicated that the customs tariff for import, and US Treasury Secretary Scott Bessent indicated that the agreement could be extended, provided that there is a real effort and a constructive dialogue. According to Yahoo’s funding, the topics are under discussion The “currency manipulation” includes “steel prices, and restrictions on semiconductor exports.

Part of the last Bitcoin deficiency in momentum can be attributed to its 24 % gains over the past thirty days, as it increased during the S&P 500 futures by 7 % and the gold remained flat. Investors do not see a big reason for more difference between bitcoin and traditional markets, especially since 30 days association With the stock market, it is still 83 %.

In addition, Bitcoin has now exceeded the market value of both Silver and Google, making it the sixth largest trading assets in the world.

News of that strategy I got another 13390 BTC Between May 5 and May 11 it raised concerns among investors. With Blackrock and Strategy together 1.19 million BTC, about 6 % of the circulating offer, some traders are concerned that Michael Sailor is largely responsible for price support.

Critics, like Peter Chef, expect that the average rate of increasing purchase of the strategy may eventually lead to losses and forcing the company to sell some of its properties to cover borrowing costs. However, this scenario seems unlikely, as the company has doubled the capital increase by $ 21 billion in shares and $ 21 billion in debt.

Bitcoin is hiking as the events of the total economy in favor of stocks on gold

While merchants often focus on Bitcoin’s special events, the most likely reason for weakness near $ 105,000 is the wider macroeconomic conditions. Although the temporary suspension of customs tariffs directly benefits the stock market, the effect on rare assets such as bitcoin is somewhat negative. For example, gold decreased by 3.4 % on May 12 with a decrease in demand for safe armed assets.

Gold usually shows a reverse relationship with the US dollar index (DXY), which rose to the highest level in 30 days on May 12. Enhancing the US dollar It indicates the investor’s confidence, although a 0.3 % decrease in the local product in the first quarter of the United States (GDP) and jumped 6.1 % in homes suspended in March compared to the previous month.

Related to: Bitcoin in the short term “technical sales” less than $ 100,000 before May 13

The lack of condemnation between Bitcoin investors when the prices traded near 105,000 dollars are partly due to the low demand for scarce assets, as investors view the stock market as a more urgent and direct beneficiary of the commercial deal between the United States of China. Low import duties indicate an increase in revenues and possibly potential profit margins for companies.

Looking at the impressive $ 2 billion in flows In the Bitcoin exchange funds (ETFS) in the United States between May 1 and May 9, the probability of the price to less than $ 100,000 remains low. The fixed demand for bitcoin after 24 % monthly profit points for institutional adoption instead of FOMO that depends on retail, which is a very positive sign on the price.

This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.