THE Bitcoin course experienced a slight recovery during the weekend, after the fall caused by the public quarrel between the American president Donald Trump and Elon Musk. This argument had briefly plunged the bitcoin at around $ 100,500. However, despite stabilization around $ 105,500, analysts remain cautious, stressing that the structure of the market remains fragile.
- Bitcoin experienced a slight recovery after the fall caused by the quarrel between Donald Trump and Elon Musk.
- Despite the support by institutional adoption, the market structure remains fragile, suspended from macroeconomic factors.
A fragile market
According to Dominick John From Kronos Research, although Bitcoin is negotiated over $ 105,000, which could point out a certain force, the market remains in waiting a macroeconomic trigger or a trend confirmation. The index of fear and greed at 55 reflects a balanced feeling, but always on the wire of the razor.
For its part Kay luCEO of Hashkey Eco Labs, shares this opinion, noting that Bitcoin evolves in a delicate fork around key support. A single lowering event could trigger panic among nervous investors, causing massive sales.
Institutional adoption as support
Despite this fragility, the growing adoption of bitcoin by institutions continues to support its price. Companies like Trump Media and Technology Group And GameStop Recently announced significant investments in Bitcoin for their business cash.
In addition, major actors such as Stratum And Metaplanet Continue their Bitcoin purchases, strengthening confidence in cryptocurrency.
Macroeconomic factors to monitor
In the short term, the volatility of Bitcoin could be influenced by key macroeconomic data. THE Consumer price indices (ICC) and production (PPI) In the United States, expected this week, could give indications on the monetary policy of the federal reserve. An increase in inflation data could weigh on risky assets, including cryptocurrencies.
The market currently anticipates a probability of 99.9 % that the Fed maintains its current interest rates at its next meeting on June 17, according to the tool CME Group fedwatch. Case to follow therefore, on the local newspaper.