May 12th, 2025

Is Bitcoin Setting Up For A Rally Given Its Historical Correlation With Gold?

Looking at the past decade and a half, two assets have emerged prominently as bastions against the erosion of fiat currency value: gold and Bitcoin. Both assets share fundamental characteristics that define sound money—scarcity, decentralization, and resistance to manipulation. Investors seeking refuge from inflationary pressures and economic instability have increasingly turned to these two distinct yet philosophically aligned assets. Despite their shared appeal, gold and Bitcoin have recently diverged significantly in their short-term performance, prompting investors and analysts alike to question the underlying reasons behind this unexpected split.

Since January 2025, Bitcoin has experienced a notable decline of roughly 12%, while gold has surged impressively by approximately 20%. This divergence is particularly intriguing given Bitcoin’s historical tendency to outperform gold during periods of economic uncertainty. If both assets theoretically benefit from similar macroeconomic conditions—such as inflation, currency debasement, and geopolitical instability—why have their paths diverged so sharply in recent months?

To unravel this puzzle, we must examine the unique market dynamics, institutional behaviors, and macroeconomic factors influencing each asset.

Gold’s Resurgence: Institutional Confidence and Central Bank Accumulation

Gold’s recent rally can largely be attributed to heightened demand from central banks and institutional investors. According to the an article by JP Morgan, central banks globally have significantly increased their gold reserves, purchasing record amounts in recent years. Especially the People’s Bank of China (PBOC) has aggressively expanded its gold holdings, signaling a strategic shift away from reliance on the US dollar amid escalating geopolitical tensions and economic uncertainties.

Gold’s enduring appeal lies in its historical role as a universally recognized store of value. Its tangible nature provides a sense of security and stability that digital assets cannot yet fully replicate. Institutional investors, particularly those managing large portfolios, find comfort in gold’s established regulatory framework and widespread acceptance. Unlike Bitcoin, gold faces minimal regulatory ambiguity, making it a straightforward choice for conservative investors seeking stability.

Recently, Goldman Sachs revised its gold price forecast upward, projecting prices to reach $3,700 per ounce by year-end. This bullish outlook underscores the growing institutional confidence in gold’s ability to serve as a reliable hedge against inflation and economic volatility.

Bitcoin’s Temporary Setback: Growing Pains and Market Volatility

In contrast, Bitcoin has encountered several headwinds in 2025. Despite its impressive long-term trajectory, Bitcoin remains a relatively young and volatile asset class. Regulatory uncertainty continues to pose significant challenges, deterring many institutional investors from fully embracing cryptocurrency. Additionally, Bitcoin’s price movements are heavily influenced by retail investor sentiment, which can fluctuate dramatically based on short-term market psychology.

The recent decline in Bitcoin’s price can also be attributed to profit-taking following its substantial gains in previous years. After the explosive growth witnessed in 2021 and 2022, a period of consolidation and correction was inevitable. Such volatility is characteristic of emerging asset classes, particularly those undergoing rapid adoption and market maturation.

Nevertheless, Bitcoin’s fundamental attributes remain robust. Its capped supply of 21 million coins ensures scarcity, while its decentralized blockchain structure provides resistance to censorship and manipulation. Historically, Bitcoin has demonstrated resilience, often rebounding strongly after periods of correction and consolidation.

Historical Correlation and Divergence: A Temporary Phenomenon?

Historically, gold and Bitcoin have exhibited a fascinating relationship. Analysts such as David Foley and Lawrence Lepard have observed that gold often initiates rallies, with Bitcoin subsequently following and amplifying these movements. This historical pattern suggests that Bitcoin, as a smaller and more volatile asset, typically lags behind gold initially but eventually surpasses it in magnitude during bullish cycles.

Given this historical context, the current divergence between gold and Bitcoin may be temporary. If past patterns hold true, Bitcoin could soon experience a significant rally, potentially surpassing previous highs. This could mean that Bitcoin reaching upwards of $108,000 within months, aligning with its historical behavior during periods of economic uncertainty and rising gold prices.

The broader macroeconomic landscape remains highly favorable for both gold and Bitcoin. Central banks worldwide continue expansive monetary policies, fueling inflationary pressures and eroding fiat currency purchasing power. The US Federal Reserve, in particular, faces challenges balancing inflation control with economic growth, leading to diminished confidence in the dollar’s long-term stability.

In such an environment, assets embodying sound money principles become increasingly attractive. Both gold and Bitcoin offer investors protection against systemic risks associated with excessive debt, currency debasement, and geopolitical instability. As global financial fragility intensifies, diversification into assets outside traditional financial systems becomes not just prudent but essential.

Bitcoin: Digital Gold for a Digital Era

While gold boasts historical credibility and institutional acceptance, Bitcoin represents the evolution of sound money in a digital age. Its digital nature provides unique advantages: borderless transactions, ease of transfer, and immunity from physical confiscation. These attributes resonate strongly with younger generations and populations in countries experiencing currency instability or authoritarian governance.

Bitcoin adoption continues to accelerate globally. Prominent corporations such as Tesla and MicroStrategy have integrated Bitcoin into their balance sheets, while nations like El Salvador have officially recognized it as legal tender. These developments underscore Bitcoin’s growing legitimacy as a global reserve asset.

Moreover, technological advancements within the Bitcoin ecosystem, such as the Lightning Network, enhance its practicality for everyday transactions. The rise of decentralized finance (DeFi) and non-fungible tokens (NFTs) further expands Bitcoin’s utility, solidifying its role within the broader financial landscape.

Gold: Timeless Stability Amidst Uncertainty

Despite Bitcoin’s compelling narrative, gold remains an indispensable cornerstone of global finance. Its physical presence and millennia-long history as a store of value provide unmatched trust and stability. Gold’s lower volatility compared to Bitcoin makes it particularly appealing to risk-averse investors and institutions seeking predictable returns.

Historically, gold has consistently outperformed other asset classes during periods of economic turmoil, reinforcing its reputation as a reliable safe haven. This proven track record explains why central banks and institutional investors continue to prioritize gold holdings, especially during uncertain economic climates.

Complementary Roles: Diversification in Sound Money

The divergence between gold and Bitcoin in 2025 highlights their distinct yet complementary roles within a diversified investment portfolio. Rather than viewing these assets as competitors, investors should recognize their unique strengths and limitations. Gold offers stability, institutional acceptance, and historical reliability, while Bitcoin provides growth potential, technological innovation, and adaptability to a digital economy.

In an increasingly uncertain global financial environment, the importance of sound money assets cannot be overstated. Both gold and Bitcoin serve as critical hedges against inflation, currency debasement, and systemic financial risks. Investors seeking comprehensive protection and growth potential would be wise to allocate resources to both assets, leveraging their complementary characteristics.

Conclusion: A Unified Vision for Sound Money

Ultimately, the debate between gold and Bitcoin transcends mere competition. Both assets embody the principles of sound money, offering investors refuge from the vulnerabilities inherent in fiat currency systems. Their recent divergence in performance reflects temporary market dynamics rather than fundamental weaknesses.

As the global financial landscape continues to evolve, the combined strengths of gold and Bitcoin will become increasingly apparent. Together, they represent a powerful dual strategy for navigating economic uncertainty, inflationary pressures, and geopolitical instability. Investors who embrace both assets position themselves advantageously for the challenges and opportunities of the 21st century.

In the end, the choice between gold and Bitcoin is not binary but complementary. Each asset offers unique advantages, and together they form a robust foundation for preserving and growing wealth in uncertain times. Whether through the timeless reliability of gold or the transformative potential of Bitcoin, sound money remains an undefeated strategy in an era defined by financial volatility and uncertainty.

Source: https://www.benzinga.com/markets/cryptocurrency/25/04/44955500/is-bitcoin-setting-up-for-a-rally-given-its-historical-correlation-with-gold

Anndy Lian

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com

j j j

May 8th, 2025

Navigating market volatility: Bitcoin Hits US$99K, US stocks rally amid trade talks and fed decisions

The financial markets have been a whirlwind of activity this week, with major US stock market benchmarks—the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite—navigating a volatile, choppy session to ultimately close near their session highs.

The Dow gained 284.97 points (0.70 per cent) to close at 41,113.97, the S&P 500 climbed 24.37 points (0.43 per cent) to 5,631.28, and the Nasdaq added 48.50 points (0.27 per cent) to 17,738.16. This late-session rally came amidst a barrage of high-impact catalysts that kept investors on edge: US-China trade talks slated for this weekend in Switzerland, the Federal Reserve’s decision to hold interest rates steady, President Trump’s plan to roll back Biden-era restrictions on artificial intelligence chips, and a steep 7.5 per cent selloff in Alphabet shares due to concerns over declining Google search volumes.

Beyond the stock market, central banks made headlines with contrasting moves—the Fed maintaining its cautious stance while the People’s Bank of China (PBOC) slashed rates to stimulate its economy.

Meanwhile, in the cryptocurrency realm, Bitcoin soared past US$99,000, inching closer to the US$100,000 milestone, while Ethereum’s much-hyped Pectra upgrade failed to ignite immediate enthusiasm. I see a market teetering between opportunity and uncertainty, shaped by geopolitical tensions, monetary policy decisions, and shifting investor sentiment.

Stock market performance and catalysts

Let’s dive into the US stock market’s rollercoaster session. The major benchmarks’ ability to close near their highs despite intraday volatility speaks to the resilience of investor confidence, albeit tempered by unease. One of the day’s biggest drivers was the surge in chipmakers, catalysed by news that the Trump administration intends to rescind Biden-era curbs on AI chip exports.

The PHLX Semiconductor Index, a barometer for the sector, rose 1.7 per cent after an earlier dip of one per cent, reflecting a late rally in stocks like Nvidia and AMD. This policy shift could unlock significant growth for the US tech sector, which has been hamstrung by restrictions aimed at limiting China’s access to advanced technology. However, the broader market’s choppiness suggests that investors remain wary of other headwinds.

The most anticipated news was the announcement that US and Chinese officials, including Treasury Secretary Scott Bessent and trade negotiator Jamieson Greer, will meet in Switzerland this weekend to discuss trade. Initially, this sparked optimism that the long-standing US-China trade war might see a thaw, especially given Trump’s recent 145 per cent tariffs on Chinese imports.

However, Bessent quickly dampened expectations, telling Reuters that these would not be “advanced” discussions. His realism—or perhaps pessimism—echoes China’s guarded response, with a foreign ministry spokesperson citing a proverb about actions speaking louder than words.

For context, the trade war has disrupted global supply chains, driving up costs and stoking inflation fears. Walmart CEO Doug McMillon recently warned of potential product shortages if tariffs persist, a sentiment shared by many corporate leaders. From my perspective, this weekend’s talks are a critical juncture, but the lack of concrete progress signals more volatility ahead as markets grapple with uncertainty.

Another key factor was the Federal Reserve’s decision to keep interest rates unchanged at 4.25–4.50 per cent for the third consecutive meeting, aligning with market expectations. Fed Chair Jerome Powell, in remarks, acknowledged that the US economy continues to grow at a solid pace, though swings in net exports—likely tied to trade disruptions—have clouded the data.

The Fed’s statement flagged rising risks of inflation and unemployment, particularly due to Trump’s tariff policies. Powell’s cautious tone, emphasising the need for more data before signalling rate cuts, disappointed some investors hoping for dovish hints.

LSEG data suggests markets still anticipate a 25-basis-point cut by July, but the Fed’s focus on tariff-driven inflation risks complicates that outlook. I see the Fed walking a tightrope: easing too soon could fuel inflation, while holding firm might choke growth if trade tensions escalate. This limbo is likely to keep markets jittery.

Alphabet’s sharp 7.5 per cent drop added to the session’s turbulence. Reuters reported that the selloff stemmed from concerns about declining Google search volumes, a critical metric for the tech giant’s revenue. This stumble dragged down the broader tech sector, highlighting how even industry titans face scrutiny in a rapidly evolving digital landscape.

Juxtaposed with the chip sector’s gains, Alphabet’s woes underscore the uneven performance within tech, driven by policy shifts and competitive pressures. As a journalist, I view this as a reminder that market leaders aren’t invincible, especially as AI and other innovations challenge established business models.

Investor behaviour and corporate strategy

Investor sentiment has shifted noticeably amid these developments. Bank of America’s weekly flow data, cited by CNBC, revealed that investors yanked US$8.9 billion out of US equities last week—the largest outflow since March—while funnelling US$7.8 billion into foreign stocks. This pivot suggests growing unease about US market valuations and the potential fallout from trade wars.

At the same time, US companies are planning a record US$500 billion in stock buybacks, according to the Financial Times, as tariff uncertainty stalls capital investment. Buybacks can prop up share prices in the short term, but they also signal a defensive mindset, with firms opting to reward shareholders rather than bet on expansion in a shaky environment.

This trend reflects a broader wait-and-see approach. If trade tensions ease, those funds could shift toward growth initiatives, potentially sparking a rally. For now, though, caution reigns.

Central bank actions

On the monetary policy front, central banks offered contrasting narratives. The Fed’s decision to hold steady reflects a steady-hand approach, balancing solid US growth against inflationary pressures from tariffs. Across the Pacific, the People’s Bank of China took a more aggressive tack, cutting its seven-day reverse repo rate from 1.5 per cent to 1.4 per cent and lowering the reserve requirement ratio by 0.5 per cent effective May 15, per Bloomberg.

These moves aim to counter US tariff pressures and bolster China’s economy, which faces deflation, a property crisis, and slowing growth. The PBOC also signalled regulatory flexibility for tariff-hit firms and encouraged equity investments by insurance funds, rounding out a multi-faceted stimulus package.

China’s actions are a pragmatic response to external shocks, but their success depends on whether global trade stabilises. If US-China talks falter, this stimulus might not fully offset the tariff drag, with ripple effects for global markets.

Cryptocurrency trends

The cryptocurrency space provided a stark contrast to traditional markets, with Bitcoin surging past US$99,000 late Wednesday, hitting $99,027.83 as of 11:47 p.m. ET, per CoinDesk. This milestone in its 2025 bull run—just shy of the psychologically significant $100,000 mark—cements Bitcoin’s status as the year’s top-performing major asset.

Several factors are fuelling this rally. Institutional momentum is a big driver: BlackRock’s IBIT spot Bitcoin ETF has outpaced the SPDR Gold Trust in year-to-date inflows, while firms like Japan’s Metaplanet and US-based Strategy (formerly MicroStrategy) continue aggressive BTC accumulation.

Bitcoin’s realised capitalisation has also hit a record US$890 billion, reflecting growing confidence among long-term holders. Macro tailwinds, including expectations of future Fed rate cuts, further bolster its appeal as a hedge against inflation and currency devaluation.

Ethereum, however, painted a different picture. Its widely anticipated Pectra upgrade, activated Wednesday, failed to spark immediate excitement. ETH rose a modest 0.96 per cent, with trading volume inching up just 0.52 per cent over 24 hours. This muted response contrasts sharply with Bitcoin’s surge, highlighting their divergent roles: Bitcoin as a store of value, Ethereum as a platform for smart contracts.

I see Bitcoin’s rally as proof of its maturation as an asset class, embraced by institutions and retail investors alike. Ethereum’s lackluster reaction suggests that its technological upgrades, while promising, need time to translate into market momentum.

My take

Stepping back, the financial landscape feels like a high-stakes chess game, with each move—whether by governments, central banks, or investors—carrying outsized implications. The US stock market’s resilience amid choppy trading reflects a tug-of-war between optimism (chip policy relief, potential trade progress) and anxiety (tariffs, inflation risks).

The Fed’s steady hand contrasts with China’s stimulus push, illustrating how global economies are responding to shared pressures in distinct ways. Investor flight from US equities and the surge in buybacks signal a defensive crouch, while Bitcoin’s ascent underscores a hunger for alternative assets in an uncertain world.

In my view, the US-China talks this weekend are the linchpin. A breakthrough could calm markets and redirect corporate funds from buybacks to investment, fueling growth. But Bessent’s tempered outlook and China’s reticence suggest a slog ahead, keeping volatility high.

The Fed’s caution makes sense given tariff-driven inflation risks, though it risks lagging if the economy softens. China’s rate cuts are a bold play, but their impact hinges on global trade dynamics. And in crypto, Bitcoin’s dominance is clear, though Ethereum’s slow burn could pay off long-term as its upgrades mature.

I’ll be watching how these threads—trade, policy, and innovation—unravel in the weeks ahead. For now, the markets are a crucible of uncertainty and opportunity, and investors are navigating it with a mix of boldness and caution that’s fascinating to witness.

Source: https://e27.co/navigating-market-volatility-bitcoin-hits-us99k-us-stocks-rally-amid-trade-talks-and-fed-decisions-20250508/

Anndy Lian

www.anndy.com

j j j

April 24th, 2025

Market wrap: A relief rally amid easing tensions and crypto resilience

Global financial markets breathed a sigh of relief this week as President Donald Trump signalled a softer stance on two critical fronts: his relationship with Federal Reserve Chair Jerome Powell and trade negotiations with China. After weeks of heightened volatility driven by tariff threats and uncertainty over US monetary policy, Trump’s announcement that he has no plans to dismiss Powell and intends to approach trade talks with China amicably sparked a robust rally across equity markets.

The S&P 500 surged 1.7 per cent, the Dow Jones Industrial Average climbed 1.1 per cent, and the tech-heavy Nasdaq Composite led the charge with a 2.5 per cent gain. This relief rally extended to Asian equity indices, which continued their upward trajectory this morning after five consecutive days of gains. US equity futures also point to a higher open, suggesting that investor confidence is rebounding, at least for now. However, beneath the surface, mixed signals from US Treasuries, commodities, and economic data, alongside a resilient cryptocurrency market, paint a complex picture of global risk sentiment.

The US Dollar Index, a key barometer of the greenback’s strength, rose 0.9 per cent to close at 99.844, reflecting renewed confidence in US assets following Trump’s comments. The dollar’s gains were particularly notable against safe-haven currencies like the Swiss franc and the Japanese yen, as investors dialled back expectations of a full-blown trade war or a crisis in US monetary policy. Yet, the Treasury market told a more nuanced story.

The yield curve flattened sharply, with the two-year Treasury yield rising 7.4 basis points to 3.871 per cent while the 10-year yield dipped 2.0 basis points to 4.381 per cent. This divergence suggests that while short-term optimism drives demand for shorter-dated Treasuries, longer-term concerns about economic growth and inflation persist. The Treasury market’s mixed performance aligns with broader uncertainties about the Federal Reserve’s next steps, particularly after Powell’s cautious remarks in recent weeks about the economic fallout from tariffs.

Commodities, meanwhile, reflected a shift away from safe-haven assets. Brent crude oil fell 2.0 per cent to US$66 per barrel, pressured by reports that some OPEC+ members are pushing for an accelerated increase in output. This development and easing trade tensions have reduced fears of supply disruptions, weighing on oil prices. Gold, a traditional safe-haven asset, also tumbled 2.7 per cent as risk-on sentiment took hold.

The decline in gold prices underscores a broader unwinding of defensive positioning, as investors rotate back into equities and other growth-oriented assets. However, the commodity market’s reaction also highlights the fragility of this rally—any reversal in trade negotiations or unexpected geopolitical flare-ups could quickly reignite demand for safe havens.

In Asia, economic developments were relatively subdued but supportive of the broader risk-on mood. Bank Indonesia held its benchmark 7-day reverse repo rate at 5.75 per cent, with the Deposit Facility and Lending Facility unchanged at 5.00 per cent and 6.50 per cent, respectively. This decision reflects a cautious approach to monetary policy amid global uncertainties, particularly the US-China trade conflict. Meanwhile, US economic data releases had a muted impact on markets.

The Manufacturing PMI unexpectedly improved, signalling resilience in the industrial sector, but the Services PMI came in softer than expected, hinting at uneven economic momentum. However, March’s new home sales beat expectations, providing a bright spot for the housing market and reinforcing optimism about consumer demand. These mixed signals suggest that while the US economy remains on solid footing, it is not immune to the headwinds of global trade tensions and monetary policy uncertainty.

Against this backdrop, the cryptocurrency market has emerged as a standout performer, demonstrating remarkable resilience amid traditional market volatility. Bitcoin (BTC) is consolidating above US$93,000, buoyed by significant institutional inflows into US spot ETFs and the launch of Twenty One Capital, a new Bitcoin Treasury company aiming to rival MicroStrategy.

Twenty One Capital debuted with an impressive 42,000 Bitcoin and plans to go public through a merger with Cantor Equity Partners, signalling growing corporate adoption of Bitcoin as a strategic asset. Recent data shows record inflows into Bitcoin ETFs, underscoring a resurgence in institutional demand. Technical analysis points to a potential resistance level at US$96,100, with the psychologically significant US$100,000 milestone within reach if bullish momentum persists.

However, the Bitcoin Coinbase Premium Gap has turned negative, indicating more substantial buying pressure on Binance than Coinbase. This divergence suggests that global retail and institutional investors may be driving Bitcoin’s price action differently across platforms, a dynamic worth monitoring as the cryptocurrency approaches key resistance levels.

Ethereum (ETH), the second-largest cryptocurrency by market cap, is also showing signs of strength, with bulls targeting the US$2,000 level as resistance weakens. After weeks of consolidation and bearish sentiment, Ethereum’s price action is gaining momentum, supported by increased on-chain activity and renewed buying pressure.

According to IntoTheBlock, Ethereum faces modest resistance near US$1,860, a key zone that could be tested soon. The cryptocurrency’s ability to decouple from traditional financial markets, even as geopolitical tensions and the US-China trade conflict intensify, is particularly encouraging for investors.

This decoupling reflects growing confidence in Ethereum’s fundamentals, including its role as the backbone of decentralised finance (DeFi) and non-fungible tokens (NFTs). Posts on X highlight surging on-chain activity, with projects like Lil Pudgys and Azuki driving network engagement, while institutional accumulation of ETH further bolsters its bullish outlook.

From my perspective, the current market rally is a welcome reprieve but should be approached with cautious optimism. Trump’s conciliatory tone on Powell and China is a positive development, but his track record of unpredictable policy shifts warrants skepticism. The relief rally in equities, while robust, may be short-lived if trade negotiations falter or if Powell’s cautious stance on rate cuts reignites fears of tighter monetary policy.

The Treasury market’s flattening yield curve is a red flag, signalling that investors are bracing for potential economic slowdowns despite short-term optimism. Commodities like oil and gold reflect this uncertainty, with their declines tied to easing tensions but vulnerable to reversal if geopolitical risks resurface.

The cryptocurrency market, however, offers a compelling counter-narrative. Bitcoin and Ethereum’s resilience amid traditional market volatility underscores their growing status as alternative assets. Institutional adoption, as evidenced by Twenty One Capital’s ambitious debut and record ETF inflows, is a game-changer for Bitcoin. Ethereum’s technical strength and on-chain activity further reinforce its potential for a trend reversal.

Yet, risks remain. Bitcoin’s negative Coinbase Premium Gap suggests uneven buying pressure, and Ethereum’s US$1,860 resistance level could pose a near-term challenge. Moreover, the broader market’s sensitivity to US-China trade developments and Fed policy means that cryptocurrencies, while decoupling to some extent, are not entirely immune to macro headwinds.

Looking ahead, investors should remain vigilant. The US economy is showing pockets of strength, as seen in manufacturing and housing data, but softer services PMI and global trade uncertainties could cap upside potential. Bank Indonesia’s steady rates reflect a broader trend of central banks adopting a wait-and-see approach, which may limit monetary stimulus in the near term.

For crypto investors, Bitcoin’s US$96,100 resistance and Ethereum’s US$1,860 sell wall are critical levels to watch. If global risk sentiment continues to improve, both assets could test higher targets, but any deterioration in trade talks or Fed hawkishness could trigger a pullback.

In conclusion, the market’s current trajectory is one of cautious optimism, driven by Trump’s softer rhetoric and supported by resilient US economic data and a buoyant crypto market. However, the interplay of Treasury yields, commodities, and geopolitical risks suggests that volatility is far from over.

“I see the cryptocurrency market’s strength as a beacon of innovation and diversification in an otherwise turbulent landscape. Investors would be wise to balance their enthusiasm with a clear-eyed assessment of the macro risks ahead, particularly as the US-China trade dynamic and Fed policy continue to shape global markets.” — Anndy Lian

Source: https://e27.co/market-wrap-a-relief-rally-amid-easing-tensions-and-crypto-resilience-20250424/