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Analysis: The potential ceasefire agreement between the US and Iran boosts risk assets, but BTC continues its weak decoupling trend.

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Mars Finance News, despite reports that the US and Iran negotiations have reached a 60-day ceasefire and a draft memorandum for nuclear program discussions, the cryptocurrency market remains under pressure, with Bitcoin falling below $73,000, down about 2.7% in 24 hours. The US stock and bond markets were boosted, with the Nasdaq rising 0.6%, and WTI crude oil prices falling below $90 per barrel. On the macro level, the first inflation report under new Federal Reserve Chair Warsh shows that the US April core Personal Consumption Expenditures (PCE) index rose to 3.8% year-over-year, the highest in nearly three years, up from 2.8% in February. Fitch Ratings US Chief Economist Olu Sonola stated that inflationary pressures could persist in the coming months, and the Federal Reserve will find it difficult to ignore this supply shock driving potential inflation. Market analysis indicates that in the short term, macroeconomic positive factors have significantly boosted stocks and oil prices, but the crypto market lacks similar direct stimulation, and Bitcoin and other digital assets still face selling pressure.
BTC-2.12%
NAS1000.77%
CL-0.76%
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SymbolsInTheReflection
· 1h ago
Core PCE in April hits a three-year high, and this trend is not optimistic
View OriginalReply0
GateUser-88d5d071
· 4h ago
Nasdaq rises, cryptocurrencies fall, a familiar decoupling script
View OriginalReply0
ContrarianIndicatorMyself
· 4h ago
A 2.7% decline is okay; we've experienced even harsher drops before.
View OriginalReply0
MoonlightMarketMaking
· 4h ago
WTI remains low, but inflation is still so high, structural problems
View OriginalReply0
GateUser-eb706989
· 4h ago
PCE 3.8% this data is too strong, and the rate cut expectations are pushed further back
View OriginalReply0
CandleChaser
· 4h ago
If you can't hold 73k, the next support level is at 70k rounded to the nearest whole number.
View OriginalReply0

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