Prices Bitcoin It hovered around $85,000 on Monday as investors weighed the White House message on tariffs being adjusted well to avoid a recession.
According to the Crypto Data Provider, major cryptocurrencies have recently changed hands to around $84,950, an increase of 1.5% over the past day. Co Ringecko. Ethereum Meanwhile, it rose 3.4% to $1,650 Solana Up 2.4% to $131.
A survey released Monday highlighted concerns about consumer inflation as economists fear that tariffs on US President Donald Trump could ignite price pressure. A monthly survey of consumer expectations from the Federal Reserve Bank of New York shows that consumers foresee the next 3.6% inflation clocking.
As it represents the highest level of economic unrest since April 2020, 44% of survey respondents believe the unemployment rate will rise for the next year. There has been a noticeable increase in the perceived possibility of losing a job among households with annual incomes under $50,000.
Still, Bitcoin prices rose this weekend after the White House showed that computer chips and smartphones would be exempt from “mutual” taxation. that It’s softened Sunday after Trump revealed that “no one is ‘off the hook'” and other taxes are still being applied to electronic devices.
Strategic stocks rose 4.3% to $312, while Coinbase stocks rose 1.4% to $178. Yahoo Finance. The main equity indexes were closed in positive territory as the high-tech Nasdaq and S&P 500 account for the majority of the percentage points.
Market participants were listening carefully to Fed Chairman Jerome Powell on Wednesday, according to Carlos Guzman, research analyst at Crypto Market Maker GSR. They want to know where central banks stand at the potential for recession right now, he said. Decryption.
“When the ‘liberation day’ tariffs were announced, the big fear was that it would cause a major economic contraction,” he said. “This year, people were priced with four interest rate cuts.”
After Trump announced a 90-day suspension at most tariffs last week, the possibility of a recession has declined along with hopes of interest rate cuts. Still, market participants are priced more cuts than before Trump’s “liberation day” announcement, Guzman pointed out.
“If the economic situation looks worse globally, we’ll see more exciting policies from the central bank,” he said. “That may not be medium-term, perhaps short-term, due to all of this (recent) volatility.”
Edited by James Rubin
