New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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#Bitcoin The price is falling due to macro concerns - can $95K hold steady?
Bitcoin (BTC, $94,117) sharply fell to $93,500 on April 28, as investors turned to safer assets, tracking the decline in U.S. Treasury yields. Despite a 6% increase this week, #BTC still struggles to maintain above $95K.
Key Points:
Risk aversion sentiment has driven the correction of Bitcoin as government bond yields decline.
#Strategy’s $4.28B BTC The buying and strong stocks supported the price above $90K.
Breaking through to $100K requires decoupling from stocks and stronger liquidity signals.
Macroeconomic Impact:
China's tariff cuts briefly boosted optimism, but U.S. trade concerns reversed that sentiment.
Strong corporate earnings contrast with recession worries, keeping Bitcoin correlated with stocks.
Housing data weak: U.S. home sales fell 5.9% in March, while China supports exporters amid slowing demand.
Outlook:
BTC needs continuous #ETF capital inflow and a clear departure from stock trends to reach new highs. Traders are watching for changes in Federal Reserve policy for liquidity signals.
#CryptoFeast