Yesterday, in traditional financial markets, was a tragic day due to the new definitions imposed by the United States of America on other countries, But not for Bitcoin.
The potential explanation for this difference is promising for the coming months.
The new definitions imposed by the United States Trump
The day before yesterday, with the closure of the markets, President Trump announced a new tariff.
Although he actually expected this initiative, he did it incorrectly, to the point of misleading the markets.
In fact, it announced that the definitions that were presented on April 2 will be MutualBut instead, they were not at all.
With “Dazi Pricls -Pricls” one should understand those who are imposed by a country equal to other countries that apply it against them.
For example, and The European Union applies definitions to the United States of America less than 2 %So if the new definitions announced by Trump are really mutual, one expects it will not be higher than this number.
Instead, and New American definitions Against the European Union will be 20 %Because it is calculated using a formula that completely ignores the European Union tariff against the United States.
The fact that the announcement of the mutual tariff, and instead it applied the uninterrupted definitions, surprised the markets, whose reaction was bad yesterday. Moreover, Trump continues to insist on describing them as “mutual” tariffs, although it is clearly not.
Market
As we mentioned before, a announcement from the day before yesterday was issued by Trump After the evening closure of exchanges in the United States.
A few hours later, Asian markets have been reopened, in a strong decreaseAnd then, the Europeans also opened a decline.
Therefore, there is nothing sudden even if it is US stock exchanges recorded strong declines yesterday. It was one of the worst sessions since the beginning of the epidemic.
Index S& P500 lost 4.8 % in one daywhile Nasdak was a worse performanceWith a loss exceeding 5.4 %.
Note that it is compared to the beginning of the year, S& P500 decreased 8.5 %So it can definitely define the event of yesterday as a Mini. the Nasdak, on the other hand, is now 12 % since the beginning of the year.
Bitcoin holds
Despite this, and Bitcoin price Yesterday it did not decrease to less than 81,000 dollarsIndeed, today He returned over 84,000 dollars.
It could be the cause Bound.
In fact, when The US dollar weakensIt tends to have positive effects on Risk assetslike Bitcoin or stock market.
However, while Bitcoin price direction In the middle/long term already Reverse is linked to the dollar indexIt is not possible to say the same for stock market.
In other words, if a Decrease in the dollar index Often it tends to get a file Direct effect on bitcoin priceThe same thing happens frequently, often indirectly, with the stock market.
The dollar index
yesterday The dollar index fell to less than 102 points for the first time since OctoberThis is, before Trump’s electoral victory.
Note that after his victory, it was it It rose to 110 pointsBut starting in mid -January, a Decrease This continues.
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To say the truth, this low stage was unable to raise Bitcoin priceBut it should not be forgotten while price BTC He was risingI did it in an extraordinary way. This anomalies ended only in March, and now it seems that the trend of the dollar has returned to oppose the price of bitcoin.
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And yesterday, while The American stock markets were declining dramaticallythe The decrease in the dollar index was able to prevent bitcoin priceToday, she was allowed to do so Recover a little. The same, however, did not happen to American stock markets.
Expectations
However, one should not be busy ENTUSIASMI TOPPO FACILI At this moment.
In fact, though The dollar index declined It can last for a long time, perhaps until the end of the year, as much as Bitcoin anxiety , Negative predictions of the term medium Circular continues.
The hypothesis is that the difficulties faced by global financial markets will not disappear soon, and it may have a negative impact on the whole Asset risk The sector, including Bitcoin.
However, this stage can end in difficulty within a few weeks or a few months, which paves the way for this Change the direction in the second half of the year.
If Trump himself, as Trump himself confirmed, is to force other countries to negotiate with the United States of America, then these negotiations can reach the heart of the matter Reducing customs tariffs It may be played, which would dispel some fear.
The current situation remains in the flow, and from now until June, there is still there Many novità.
