Bitcoin and other altcoins bounced on Tuesday, as investors tried to purchase decline after most of them fell to their lowest level in several months. The BTC price increased to $ 80,000, while the total maximum market for all metal currencies jumped by more than 3.5 %. Some high -performance distinctive symbols were Jasmycoin (Jasmy), Pepe (Pepe) and Render (RNDR).
Why Rose Yasmi, Bibi, and make the distinctive symbol
Altcoins such as Jasmy, Pepe and Render organized a strong return as investors bought the decline in the encryption and stock market. The futures index futures in the United States, such as Dow Jones, S&P 500 and Nasdaq 100 by 600, 60 and 135 points, respectively.
The same trend occurred in Asia, where the Nikkei 225 index jumped by more than 5.4 %, and the NIFTY index rose by 1 %.
Likewise, the same trend occurs in the encryption market, as it is just a handful of symbols in red. Some symbols were the upper symbols that jumped with more than 10 % such as Core, Hyperleliid, Helium, Maker and Ethena.
These symbols and arrows jumped after Donald Trump hinted that he was comfortable negotiating with countries that reduce customs tariffs and non -fire. He said that the Japanese officials were on their way to the United States to reach a commercial deal. Trump also said he was working on a deal with Israel.
Therefore, while the speech escalated with China, analysts believe that the two countries will eventually reach an agreement. The potential deal will see that Beijing adheres to more American goods purchases in the future.
The encryption symbols such as Render, Pepe and Jasmy have jumped, as investors raised the chances of the Federal Reserve to make greater cuts in interest rates this year. Goldman Sachs have warned that the United States would decrease into recession, pushing the federal reserve to provide three price cuts this year.
The bond market also indicates that the Federal Reserve may choose to reduce prices in the coming months. The data indicates that the government bond returns for 10 years decreased to 4.1 % on Tuesday, a decrease from a year to 4.8 %. Low return indicates that the Federal Reserve will begin to reduce prices.
Only symbols in the Solana Environmental System had a good reason for height. Janover, a small company in Wall Street, has announced that it will start investing in Solana and symbols in its ecosystem.
Beware of you wear the dead cat
While Jasmy, Pepe and Rending Tokens jump, there is a risk that this recovery is a dead cat or a bull trap.
The dead cat is bounced, it is a position in which the original rises in a declining direction, where investors buy the decline and then resume the declining direction. This happens as investors, especially retail traders trying to market time. In most cases, these stations are usually brief and only a few days.
Therefore, analysts recommend that cautious encryption investors embrace DIP. In a note for Invezz, an ETORO analyst recommended that investors provide the cost of the dollar (DCA) and focus on the main moving averages. He said:
“Encryption investors should avoid the timing of the market. While some metal currencies have wore overnight, they all remain in the bear market after they drop double numbers from their highest levels this year. Therefore, traders must consider the average cost of the dollar (DCA), where they buy the decline of symbols.
This dead cat recession has already been very popular during the bear markets. Recently, Bitcoin fell to $ 76,585 in February, then wore to $ 89,000. It turns out that this cat is multiple dead, as the distinctive symbol resumed its declining direction after that.
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