Bitcoin (BTC) is showing signs of attempting to move past its recent downtrend, fueled by a more dovish approach from the Federal Reserve and a shift in President Donald Trump’s trade policies, according to Matrixport’s latest analysis.
The market environment appears more favorable compared to recent weeks, setting up the potential for a recovery in the cryptocurrency space.
Analysts at Matrixport suggest that these macroeconomic changes could help stabilize the market and offer a more positive outlook for Bitcoin’s price.
Additionally, Matrixport highlights a reduction in the typical end-of-quarter selling pressure from arbitrage funds.
With lower funding rates, the drive for aggressive selling has diminished, and most of the sales from these funds seem to be tapering off. While the current market catalysts aren’t strong enough to push Bitcoin to record highs, the sentiment has definitely improved.
At present, Bitcoin remains above critical support levels, with traders closely watching developments in global economic policies, which could steer the next phase of the market’s direction.
A well-regarded crypto analyst believes that Bitcoin (BTC) could experience a final, explosive rally before the current market cycle concludes.
Dan Tapiero, a seasoned macro investor and hedge fund manager, sees potential for a significant Bitcoin surge if the U.S. economy hits a downturn that pushes the Federal Reserve toward aggressive rate cuts.
Bitcoin rose steadily in April, breaking through the psychological barrier of $100,000.
As global crypto companies reconsider their U.S. strategies due to rising geopolitical tensions, Hive Digital Technologies is betting on Latin America — specifically Paraguay — as its next growth frontier.