A key ingredient in stemming the risk-asset rout were cues from the US government and President Donald Trump over their planned round of trade tariffs set to begin on April 2. “Risk assets staged one of their strongest sessions of the year, helped by a temporary easing of fears around the April 2nd tariff deadline,” trading firm QCP Capital summarized in its latest bulletin to Telegram channel subscribers. “Trump signalled twice on Monday that trading partners might secure exemptions or reductions, offering a reprieve that helped soothe market jitters.”BTC/USD vs.S&P 500 1-day chart.
Source: Cointelegraph/TradingViewQCP noted that others were coming to believe that the worst of the equities setback had come and gone, including JPMorgan.“Q2, and April in particular, has historically been one of the best periods for risk assets, second only to the festive December rally,” it added. “The S&P 500 has delivered an average annualised return of 19.6% in Q2, while Bitcoin has also recorded its second-best median performance during this stretch - again, trailing only Q4.”BTC/USD monthly returns (screenshot).
Source: Daan Crypto Trades/XMeanwhile, CoinGlass showed ongoing sell-side liquidity just below $90,000 — previously attributed to market manipulation by a high-volume trader dubbed “Spoofy the Whale.”Keith Alan, co-founder of trading resource Material Indicators, who coined the phrase, said that this entity alone would keep price trapped at around $87,500 going forward.
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Author / Journalist: Cointelegraph by William Suberg
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