Crypto Gloom

MATRIXPORT: Weak US macroeconomic data can cause market volatility to challenge the rising exercise of Bitcoin.

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Matrixport’s recent analysis warns that US macroeconomic data and emerging market risks can limit Bitcoin’s upward momentum by increasing uncertainty and integration in the cryptocurrency market.

MATRIXPORT: Weak US macroeconomic data can cause market volatility to challenge the rising exercise of Bitcoin.

Matrixport, a Cryptocurrency Financial Services provider, recently announced a recent market analysis in the US macro economic environment, indicating that Bitcoin’s upward momentum is decreasing among emerging weaknesses. In a few months, two major economic indicators reached the lowest level, but many investors’ interest remains in the flow of exchange trading funds. However, basic elements such as financing conditions, stable coin activities, and future prediction metrics suggest that greater changes can occur. This can be found at the beginning of the summer integration stage or potentially more serious market adjustment, and there is an early warning mark, but it is not completely reflected in the market price.

According to the analysis, it is recommended that traders will benefit from the latest report after maintaining optimistic prospects for the past two months. Since then, Bitcoin has reduced 3%, Ether Leeum, 4%, and Solana, and confirmed the change in market momentum. In the future, the possibility of increasing uncertainty shows that US maximum economic data is a sign of weakness. The recent demand strength is interpreted as a temporary surge in the full -mounted order prior to expected tariffs, and is now likely to be normalized.

Particularly important for a wide range of US economies is the ISM non -manufacturing PMI, which accounts for about 80%of GDP through the service sector. Contrary to the expectations of economists’ reactions, the index has fallen to the lowest point since July 2024, showing light contraction. The combined weakness of PMIS manufacturing and services is that economic data is lower than Wall Street prediction, can enter the contraction stage, and potentially display the beginning of a wider decline.

From a macroscopic point of view, oil prices and US dollars are the main indicators to note. The drop in oil prices can see a wide range of economic weaknesses, while the continuous softness of the dollar can set the stage of the future interest rate cuts. However, since bond yields remain stable, the market may need to adjust the federal reserve bank to keep up with the possibility of maintaining its current position longer than expected. There is concern that tariff -related inflation pressure can prevent early policy relaxation.

Previously, Matrixport said that the price of Bitcoin over $ 84,500 will confirm the optimistic trend, and the recent recommendation has urged profits before the expected summer volatility. Despite the recent fullback, the trend model is still optimistic for the time being, and the weakness is expected only when Bitcoin is less than $ 96,719. The threshold is still not damaged, but it is increasingly threatened. Given the weakness of the weakening, the lock of profits was considered cautious.

Currently, additional risk factors can increase market uncertainty and investorism due to the potential deterioration of economic data due to tariff policy. The initial signs of data weakness suggest the possibility of intense economic duration that lasts for months. Under these conditions, there seems to be little bitcoin rally that has not been interrupted because the Federal Reserve seems to be hesitant to cut interest rates while the expectation of inflation increases.

Bitcoin Deep following the public disputes between Donald Trump and Elon Musk

At the time of writing, Bitcoin is trading at $ 103,478, reflecting a 1.14% decrease in the last 24 hours. According to CoinmarketCap’s data, the highest value of this period was $ 105,915 and the lowest was $ 100,501. The market cap is $ 2.05 trillion, down 1.12% within the same period.

In the last 24 hours, Bitcoin has experienced a total of $ 337.1 million liquidation, and about 90%of this book is based on the data compiled by COINGLASS.

As Bitcoin’s price has recently fallen, it has coincided with the public dispute between former US President Donald Trump and entrepreneur Elon Musk. Even after Musk criticized Trump’s signature and expenditure bills, he described it as “disgusting aversion,” which appears to increase market volatility.

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About the author

Alisa, a dedicated reporter for MPOST, specializes in the vast areas of Cryptocurrency, Zero-ehnowedge Proofs, Investments and Web3. She provides a comprehensive coverage that captures a new trend and a keen eye on technology, providing and involving readers in a digital financial environment that constantly evolves.

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Alisa Davidson

Alisa, a dedicated reporter for MPOST, specializes in the vast areas of Cryptocurrency, Zero-ehnowedge Proofs, Investments and Web3. She provides a comprehensive coverage that captures a new trend and a keen eye on technology, providing and involving readers in a digital financial environment that constantly evolves.

More