BTC in ‘Reaccumulation Phase’ on Fed Easing Bets, Trump Tariff Shift: Crypto Daybook Americas
Bitcoin recovered over the weekend as global risk sentiment improved due to softer Trump tariffs and potential Fed easing, suggesting a reaccumulation phase.Summary
Bitcoin and the broader crypto market rebounded over the weekend following a significant correction, with BTC rising 3% to $110,770. This recovery is attributed to improving global risk sentiment, specifically U.S. President Donald Trump's softer stance on tariffs and expectations that the Federal Reserve might ease monetary policy later this year. Analysts view Bitcoin as currently being in a 'reaccumulation phase,' supported by resilient institutional demand, evidenced by corporate entities increasing holdings by 8.4% in the past 30 days. However, short-term momentum is tempered by thin liquidity, a strong U.S. dollar, and uncertainty regarding the Fed's rate path, keeping institutional investors cautious amid geopolitical tensions.
(Source：CoinDesk)