Bitcoin shows growing strength during the fall in the market – Wintermute

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Bitcoin shows growing strength during the fall in the market - Wintermute

Bitcoin shows growing resistance to macroeconomic translations compared to traditional financial markets, according to report 14. April from Maker Cripto Maker Wintermute.

The report It was noted by Bitcoin (Btc) kept relatively good during the current falls on the market, even while the S & P 500 and Nasdak fell on their lowest levels in the year and bond yields rose to a height not seen since 2007. years.

“The fall of Bitcoin was relatively modest, auditing levels of price of the surrounding survival,” Wintermute wrote.

According to Wintermute, “this signifies a significant transition from its historical behavior in crisis situations.” In the past, Bitcoin losses were significantly higher than those traditional funding indices. Shift emphasizes Bitcoin’s “apparent growing resilience in the middle of macroeconomic turbulence”.

Obchakevich founder, Alex Obchakevich, said Conistelegraph to expect it to be a temporary trend:

“How is the trading war intensifies, Bitcoin can return to the list of risky funds. Because investors will most likely seek salvation in gold.”

OBCHAKEVICH said that the factors caused by the stability of Bitcoin by growing institutional interest through stock exchange (ETFS) and the promotion of Bitcoin as digital gold due to its decentralization and independence.

Changing the dynamics of the Market Bitcoin

Over the past week, the price of bitcoin increased by 7% to $ 83,700 – later reaching almost $ 86,000 at the time of publication. This growth occurred like Consumer price index (CPI) rose By 2.4% – turned, with monthly monthly drop than 0.1% – first monthly reduction from May 2020. This signals it inflation is cooling.

Markets, United States, Market Analysis — *Changing the percentage of the CPI-over-year-round year. Source:* *American Bureau of Work Statistics*

In addition, the manufacturer’s price index (PPI) increased 2.7% of the year-old year in March. In February, the same metric was 3.2%, they also show signs of disinflating pressure. Still, according to Wintermute, the trend can soon turn over:

“Despite this progress towards the Fed Inflation Fed Circulation, the recent escalation of global trade tensions has introduced new potential inflation risks, which are not yet reflected in March data.”

More market turmoil is expected

Being a bureau Analyst Jeff Park recently claimed that the trading policies of American President Donald Trump will create world macroeconomic turmoil and short-term financial crisis that will eventually lead to greater adoption of Bitcoin. He said we should expect the inflation increase:

“Tariff costs, most likely through greater inflation, shares and American and trade partners, but the relative impact will be much harder to foreigners. These countries will then need to find a way to seize their poor growth issues.”

Wintermute explained that the current trade war enhances the risk of increased inflation and economic slowdown. The forecasting market Kalshi Traders recently put a chance of a This year is abolished in the US at 61%and jpmorgan see 60% of the probability.

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