Bitcoin (BTC), the world's largest cryptocurrency in terms of market value, has recently been tested by tensions originating from the global economy. Bitcoin (BTC), the world's largest cryptocurrency in terms of market value, has recently been tested by tensions originating from the global economy. US President Donald Trump's customs tax moves that have shaken the global conjuncture have increased tensions in both stock and crypto markets. After a very turbulent week, US stock markets in particular have witnessed high volatility with the customs tax developments that have shaken the world agenda. Traditional markets were turned upside down when the US announced that it would impose customs duties on all countries in the world, regardless of whether they were allies or competitors, in order to close the trade deficit. Markets breathed a sigh of relief when the White House stepped back from the customs duties that caused the balances in the global economy to be disrupted. However, it is highly likely that the turbulence that has occurred will lead to an erosion of confidence among investors. The global economy is pessimistic. Indeed, it is possible to see this distrust in Bank of America’s survey of global fund managers. 73 percent of the managers who participated in the bank’s survey stated that profitability in the dollar and US stocks was at its lowest point since 2006-2007. While fund managers stated that they expected asset prices to fall in April, they shared the view that the market could rise with the steps to be taken in customs duties and possible interest rate cuts from the US Federal Reserve. 82 percent of the participants expected the global economy to continue to bleed, and almost half (42 percent) focused on the possibility of a recession. Has the downtrend in Bitcoin ended? The deterioration of investor confidence in stock markets has naturally reduced the tendency towards risky assets such as crypto. Bitcoin, which was pulled to $74,000 just a week ago, managed to rise to $85,000 after mixed signals from the world economy. While the market is watching BTC's next move with curiosity, some crypto analysts have suggested that the downtrend in Bitcoin has come to an end. In the analysis made by Rekt Capital, one of the analysts well-known to the market, it was stated that the downtrend that the BTC price has been continuing since the $104,000 level has been successfully broken in the $85,000 band. “Bitcoin hashrate heading to new highs” Another popular crypto analyst, Miles Deutscher, also noted the recent sharp increase in Bitcoin hashrate. “Bitcoin’s hashrate continues to explode to new highs,” Deutscher said, adding, “This points to increased network security, miner confidence, and potentially greater decentralization, all of which are bullish signs for Bitcoin.” Another crypto analyst, Ali Charts, who claims that the most critical support level for Bitcoin is the $ 82,000 level, emphasized that 96,580 BTC were accumulated in the region in question and said: “The most critical support for Bitcoin is located at $ 82,024, where 96,580 BTC were previously accumulated. A level worth watching closely!” Institutions’ interest in BTC continues at full speed. On the other hand, Strategy, the public company that holds the most BTC, continues to buy Bitcoin. The company, which bought 3,459 Bitcoins for an average cost of $82,000, spent $285 million on this transaction. After the company’s latest sale and purchase, the number of BTCs held by Strategy increased to approximately 532 thousand. The total value of the company’s BTCs at the current exchange rate is approximately $36 billion. Institutions’ recent large-scale BTC purchases are not limited to Strategy. Japanese technology company Metaplanet has so far taken 319 BTC worth $26.3 million to its coffers. The company announced that another 10,000 BTCs will be purchased by the end of 2025.
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#Crypto Security Insights Where will the wind blow in the Bitcoin (BTC) price?
Bitcoin (BTC), the world's largest cryptocurrency in terms of market value, has recently been tested by tensions originating from the global economy.
Bitcoin (BTC), the world's largest cryptocurrency in terms of market value, has recently been tested by tensions originating from the global economy. US President Donald Trump's customs tax moves that have shaken the global conjuncture have increased tensions in both stock and crypto markets.
After a very turbulent week, US stock markets in particular have witnessed high volatility with the customs tax developments that have shaken the world agenda. Traditional markets were turned upside down when the US announced that it would impose customs duties on all countries in the world, regardless of whether they were allies or competitors, in order to close the trade deficit. Markets breathed a sigh of relief when the White House stepped back from the customs duties that caused the balances in the global economy to be disrupted. However, it is highly likely that the turbulence that has occurred will lead to an erosion of confidence among investors.
The global economy is pessimistic.
Indeed, it is possible to see this distrust in Bank of America’s survey of global fund managers. 73 percent of the managers who participated in the bank’s survey stated that profitability in the dollar and US stocks was at its lowest point since 2006-2007. While fund managers stated that they expected asset prices to fall in April, they shared the view that the market could rise with the steps to be taken in customs duties and possible interest rate cuts from the US Federal Reserve. 82 percent of the participants expected the global economy to continue to bleed, and almost half (42 percent) focused on the possibility of a recession.
Has the downtrend in Bitcoin ended?
The deterioration of investor confidence in stock markets has naturally reduced the tendency towards risky assets such as crypto. Bitcoin, which was pulled to $74,000 just a week ago, managed to rise to $85,000 after mixed signals from the world economy. While the market is watching BTC's next move with curiosity, some crypto analysts have suggested that the downtrend in Bitcoin has come to an end. In the analysis made by Rekt Capital, one of the analysts well-known to the market, it was stated that the downtrend that the BTC price has been continuing since the $104,000 level has been successfully broken in the $85,000 band.
“Bitcoin hashrate heading to new highs”
Another popular crypto analyst, Miles Deutscher, also noted the recent sharp increase in Bitcoin hashrate. “Bitcoin’s hashrate continues to explode to new highs,” Deutscher said, adding, “This points to increased network security, miner confidence, and potentially greater decentralization, all of which are bullish signs for Bitcoin.”
Another crypto analyst, Ali Charts, who claims that the most critical support level for Bitcoin is the $ 82,000 level, emphasized that 96,580 BTC were accumulated in the region in question and said: “The most critical support for Bitcoin is located at $ 82,024, where 96,580 BTC were previously accumulated. A level worth watching closely!”
Institutions’ interest in BTC continues at full speed.
On the other hand, Strategy, the public company that holds the most BTC, continues to buy Bitcoin. The company, which bought 3,459 Bitcoins for an average cost of $82,000, spent $285 million on this transaction. After the company’s latest sale and purchase, the number of BTCs held by Strategy increased to approximately 532 thousand. The total value of the company’s BTCs at the current exchange rate is approximately $36 billion.
Institutions’ recent large-scale BTC purchases are not limited to Strategy. Japanese technology company Metaplanet has so far taken 319 BTC worth $26.3 million to its coffers. The company announced that another 10,000 BTCs will be purchased by the end of 2025.