Cryptocurrencies Rebound as Bitcoin Recovers to $83.000
In a climate of high volatility and global uncertainty, cryptocurrencies continue to reflect market nerves, caught between hopes for monetary easing and fears of renewed geopolitical escalation.
The crypto market remains volatile in the face of macroeconomic turbulence. Over the past 24 hours, Bitcoin (BTC) has held steady above $83.000, according to Binance, while Ethereum (ETH) is trying to maintain support around the $1,550 level.
Among altcoins, the picture is mixed. Binance Coin (BNB), Cardano (ADA), and Avalanche (AVAX) are posting slight gains, while Solana (SOL), XRP, Dogecoin (DOGE), and Chainlink (LINK) have seen modest pullbacks. The sharpest losses are being led by Tron (TRX) and Toncoin (TON), which are underperforming among the top cryptocurrencies.
These moves come after a downbeat session on Wall Street, which slipped back into the red following Wednesday’s sharp rebound led by the “Magnificent Seven”—a group of tech giants led by Tesla that surged as much as 20%. The correction also rippled across Asia, where Japan’s Nikkei dropped 3%, while Europe remained relatively calm.
Trade War Back in Focus
The ongoing geopolitical tensions remain front and center. President Donald Trump announced a 90-day suspension of reciprocal tariffs on all countries except China. However, the White House was forced to revise its own numbers: the tariff on Chinese imports now stands at 145%, not 125% as initially stated, after adding a 20% duty introduced earlier this year in response to China’s alleged involvement in fentanyl trafficking.
With this, the trade war has once again become a key source of anxiety in financial markets. Some analysts warn that the latest rebound in asset prices may be nothing more than a “dead cat bounce,” and advise reducing exposure to risk—particularly in U.S. equities. Others recommend rotating out of U.S. positions and into European markets or alternative assets such as gold… or even Bitcoin, which investors are increasingly watching due to its growing correlation with equities.
Investors Seek Clarity Amid Caution from the Fed
In this tense environment, investors hope the temporary trade truce might lead to progress in negotiations that could ease global tensions. Still, skepticism prevails—especially amid mounting fears of a potential U.S. recession with global spillover effects.
Meanwhile, the Federal Reserve remains in a wait-and-see mode. Minutes from its latest meeting showed a cautious stance, with officials wary that inflationary pressures may persist longer than expected. Markets are already pricing in several rate cuts this year, though the size and timing remain uncertain. The probability of a 50-basis-point cut in June now exceeds 10%.
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