The leading cryptocurrency recovers 2.37% to surpass $103,000 while ETFs register millionaire inflows despite political uncertainty.
Bitcoin closed this Wednesday at $103,733 (+2.37%), challenging the stability of the FED rates and the shadow of Trump's tariffs. ETFs registered inflows of $120.4 million, while CME futures dominate with $18.23B. Can it overcome the resistance at $109,500?
Bitcoin traded this Wednesday above its 25, 50 and 200 period moving averages, confirming an upward trend / TradingView
Facing the FED and Trump: Bitcoin shows resilience
The Federal Reserve kept interest rates unchanged and reaffirmed its 2% inflation target, a decision already discounted by the market. Jerome Powell, president of the FED, avoided giving signs of cuts or commenting on the policies of Donald Trump, whose protectionist speech - with tariffs on technological sectors - continues to inject volatility. Despite this, investors took advantage of the temporary calm to bet on risk assets: the dollar did not strengthen and bitcoin capitalized on the movement.
ETFs and futures: Signs of institutional confidence
Bitcoin ETFs recorded a positive net flow of $120.4 million this Wednesday, according to Coinglass, partially reversing the outflows of $457.6 million on Monday. In futures, open interest rose 2.82% in 24 hours, reaching $64.94 billion, with CME leading 28.07% of the market ($18.23B). These data reflect a growing institutional bet, even in an adverse political scenario.
Towards the Breakout of $109,500?
Bitcoin traded this Wednesday above its 25, 50 and 200-period moving averages, confirming an upward trend. However, trading volume was below the 25-day average, weakening momentum. Critical resistance remains at $109,500, the ceiling of a consolidation range ($92,000-$109,000) in place since Dec. 17, when Trump's post-victory rally paused.
The Trump factor: Tariffs that paralyze the market
Every Trump announcement on tariffs — such as the recent ones on chips and AI technologies — generates fear in the market. This uncertainty slowed the recovery of alternative cryptocurrencies and limited bitcoin in its search for historic highs. "Every intervention by Trump is a reminder that politics can be as volatile as the market itself," analysts say.
The next FED meeting will be in 48 days, with the market anticipating possible rate cuts in June. Meanwhile, bitcoin faces a delicate balance: macroeconomic stability favors its rise, but Trump's trade policies act as a drag.
In a game of forces between the FED, Trump and risk aversion, bitcoin consolidates itself as a refuge. Its ability to break $109,500 will depend on whether the volume accompanies and Trump does not launch new tariffs. For now, $103,000 is a message: the cryptocurrency is still alive... and on guard.
Disclaimer: This information does not constitute financial advice. Cryptocurrencies are volatile assets: do your research before investing.
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