{"id":51626,"date":"2025-05-01T03:18:58","date_gmt":"2025-05-01T03:18:58","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-steady-near-95k-but-is-market-blind-to-economic-headwinds\/"},"modified":"2025-05-01T03:18:58","modified_gmt":"2025-05-01T03:18:58","slug":"bitcoin-steady-near-95k-but-is-market-blind-to-economic-headwinds","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-steady-near-95k-but-is-market-blind-to-economic-headwinds\/","title":{"rendered":"Bitcoin steady near $95K, but is market &#8216;blind&#8217; to economic headwinds?"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/image-21-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/image-21-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/image-21-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/image-21-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Bitcoin recovered from an intraday dip to trade near $94,700, down slightly over 24 hours.<\/li>\n<li>US stocks also recovered late after falling over 2% early on weak economic data.<\/li>\n<li>Altcoins generally underperformed Bitcoin, with the CoinDesk 20 index down 2%.<\/li>\n<\/ul>\n<p>Cryptocurrency markets navigated a choppy session on Wednesday, ultimately demonstrating resilience alongside traditional US equities as both asset classes clawed back from earlier declines.<\/p>\n<p>Despite this recovery, underlying economic concerns and persistent uncertainty surrounding US trade policy kept investors watchful, with some analysts questioning the market\u2019s apparent disregard for potential headwinds.<\/p>\n<h2>Crypto recovers from dip, altcoins lag<\/h2>\n<p>While characterized by volatility, the overall trend for crypto on Wednesday remained one of range-bound trading.<\/p>\n<p>Shortly after the close of US equity trading, Bitcoin (BTC) was holding steady around $94,700, marking only a marginal 0.4% decline over the preceding 24 hours.<\/p>\n<p>This modest change, however, belied earlier volatility where the leading cryptocurrency had dipped nearly 2%, mirroring weakness seen in stocks during the initial part of the session.<\/p>\n<p>While Bitcoin recovered most of its lost ground, many alternative cryptocurrencies (altcoins) failed to keep pace, suggesting a degree of risk aversion within the digital asset space.<\/p>\n<p>The broader CoinDesk 20 index, which tracks leading cryptocurrencies excluding stablecoins and certain other tokens, slumped 2% over the 24-hour period.<\/p>\n<p>Notable decliners included litecoin (LTC), Ripple\u2019s XRP, Avalanche (AVAX), and Chainlink (LINK), each shedding roughly 4%.<\/p>\n<h2>Wall Street stages late-day comeback<\/h2>\n<p>This pattern of early weakness followed by a late recovery closely mirrored the action on Wall Street.<\/p>\n<p>Major US stock indices initially tumbled by 2% or more following the release of less-than-stellar economic news, only to regain substantial ground throughout the trading day.<\/p>\n<p>The S&amp;P 500 managed to close slightly in positive territory, while the Nasdaq Composite finished with a minor dip of just 0.1%.<\/p>\n<h2>Economic jitters, tariff talk persist<\/h2>\n<p>Despite this market resilience, the underlying economic picture presented cause for concern, contributing to the earlier sell-off.<\/p>\n<p>Data releases pointed towards potential slowing in the US economy.<\/p>\n<p>Consumer confidence readings hit multi-year lows, and job opening figures came in below expectations, potentially reflecting the impact of ongoing trade tensions and tariff policies.<\/p>\n<p>The continuing string of lackluster economic data, however, has not appeared to sway US President Trump from his assertive tariff policies.<\/p>\n<p>Dismissing potential negative consequences for consumers, Trump remarked early Wednesday: \u201cSomebody said all the shelves are going to be open\u2026 Well, maybe the children will have two dolls instead of 30 dolls, and maybe the two dolls will cost a couple of bucks more than they would normally. \u2026 They have ships that are loaded up with stuff, much of which we don\u2019t need.\u201d<\/p>\n<p>These comments underscore the ongoing policy uncertainty contributing to market volatility.<\/p>\n<h2>Analyst flags market \u2018blindness\u2019 to deeper risks<\/h2>\n<p>This apparent disconnect between weakening economic signals and relatively buoyant market performance drew sharp commentary from some analysts.<\/p>\n<p>Jeff Park, head of Alpha Strategies at digital asset investment firm Bitwise, expressed concern about the market\u2019s focus.<\/p>\n<p>\u201cHard to fathom how blind the market really is,\u201d Park posted on the social media platform X (formerly Twitter).<\/p>\n<p>He argued that the market\u2019s fixation on potential near-term Federal Reserve interest rate cuts overlooks more significant fundamental risks related to US economic policy and its global standing.<\/p>\n<p>\u201cA Fed cut means nothing if U.S. creditworthiness is permanently impaired by the global community as resulted by dollar weaponization,\u201d Park stated, suggesting aggressive policies could undermine trust in the US dollar and, by extension, the notion of a \u201crisk-free\u201d US Treasury asset.<\/p>\n<p>\u201cThat\u2019s the mispricing we are talking about here,\u201d he continued.<\/p>\n<p>\u201cThe myopic focus on whether [we] are getting a fed cut in May\/June is completely irrelevant if the notion of the risk-free as we know it is fundamentally challenged forever, which means cost of capital globally is going higher.\u201d<\/p>\n<h2>Mixed fortunes for crypto stocks<\/h2>\n<p>Reflecting the somewhat mixed day, crypto-related equities saw modest movements overall.<\/p>\n<p>Coinbase (COIN) and MicroStrategy (MSTR) posted slight gains, while Bitcoin miner Hut 8 (HUT) stood out as a notable underperformer, declining 5.7%.<\/p>\n<p>The day\u2019s trading ultimately highlighted a market grappling with conflicting signals \u2013 resilience in price action against a backdrop of concerning economic data and persistent policy uncertainty.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/crypto-news-today-bitcoin-holds-94k-despite-volatility-analyst-warns-market-ignores-risks\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin recovered from an intraday dip to trade near $94,700, down slightly over 24 hours. US stocks also recovered late after falling over 2% early on weak economic data. Altcoins generally underperformed Bitcoin, with the CoinDesk 20 index down 2%. Cryptocurrency [&hellip;]<\/p>\n","protected":false},"author":3947362378,"featured_media":51627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51626"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362378"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=51626"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/51627"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=51626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=51626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=51626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}