The crypto market has seen a notable recovery, with Bitcoin (BTC) reaching nearly $90,000. This surge comes after Commerce Minister Howard Lutnick hinted at President Trump possibly announcing tariff relief on Canadian and Mexican imports. The total crypto market cap has climbed to $2.9 trillion. Market expectations for Federal Reserve rate cuts have intensified, with the CME’s FedWatch tool indicating at least three cuts this year. The 10-year Treasury yield has dropped to 4.15% from 4.80% at Trump’s inauguration. Germany’s decision to abandon fiscal constraints has led to a sell-off in the dollar index, potentially encouraging risk-taking in the market. However, concerns about economic growth persist, with the Atlanta Fed’s GDP forecast at -2.8%. Investors are closely watching corporate yield spreads for signs of market stress. Upcoming U.S. economic indicators could significantly impact the crypto markets.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
