Bitcoin has risen from last week's level of 85,000 dollars and has surged especially over the past two days, now surpassing 90,000 dollars.

Temporarily breaking the 200-day moving average, which is the red curve on the chart.

Also, although U.S. tariff policy is causing a sharp decline in stock prices, the current cryptocurrency market is not following that; funds are flowing in and the market is gradually rising.。

・Market trends below

Outflow of 1.5 trillion dollars from the U.S. stock market (Apple, Nvidia, etc. sharply fell)

On the other hand, Bitcoin rose +3.16%, with 60 billion dollars flowing into cryptocurrencies

With Trump's tariff policy and the Fed's hands-off stance, funds are moving to a "non-core managed safe asset"

Non-correlation between stocks and BTC may have begun

Yesterday's rise rates

Bitcoin +3.4%

Ethereum +4.3%

XRP +3.4%

Against this backdrop, long-term inflation concerns due to Trump's tariffs. The market is preparing for a triple crash of the dollar, U.S. Treasuries, and U.S. stocks if Fed Chair Powell were to be dismissed, among other things. — Mr. palpal @palpalnft

Stock prices fall due to U.S. tariff policy, but in tandem, bond prices also fall, creating an unprecedented move. Previously, it was said that gold and stock prices move together during declines, but this time gold prices reached record highs, indicating that funds are flowing into safe assets due to market anxiety.

Also, there has been a recent announcement of future plans regarding Ethereum, which has become a topic of discussion. (Personally, very excited)

In the article, I would like to focus on that content this time. While Bitcoin movement attracts attention to global affairs, in the crypto asset ecosystem Ethereum’s trajectory is very important.

Therefore, I personally feel Ethereum can be considered a main topic.

◯ Frank de Graaf (Von Grayers) says: Gold price keeps rising even as stock prices crash

Behind the decline of the U.S. stock market, gold continues to rise

However, when stock prices fall, there is an abnormality: debt yields plunge and gold attracts capital in a double sense. Because as in the 2008 Lehman Shock, gold would fall and Treasuries would be bought during a stock bear market

If dollars and Treasuries get squeezed, what will Treasuries holders do? They will have to dump Treasuries to buy gold. This is the scenario Ray Dalio anticipated as early as 2022

Even if Trump's administration aims to shrink the fiscal deficit, Treasuries would not stop falling; if Treasuries continue to fall, the United States would eventually have to rescue Treasuries by printing dollars through the central bank.

But that inflation policy would push gold higher. Mr. von Graarts says the following

ーーーー Global Macro Research Institute

Stock and bond declines. Gold rises. If that leads to money printing, it could affect not only gold but Bitcoin as well.

◯ Will U.S. Treasury buybacks support Bitcoin recovery?

On the 21st, renowned trader Arthur Hayes posted on his OOO, saying, “Now may be the last chance to buy Bitcoin (BTC) under $100,000,” drawing attention. Hayes plans to publish a new analysis report this week on Treasury buybacks and is bullish on Bitcoin’s rebound.

Also, Robert Kiyosaki, author of the best-seller Rich Dad Poor Dad, drew market attention last week on the 20th by expressing a bullish forecast for Bitcoin, saying, “It’s currently around 84,000 dollars, but I strongly believe it will reach 180,000 to 200,000 dollars by year-end.” Kiyosaki has long emphasized Bitcoin as an inflation hedge and has repeatedly stated that U.S. fiscal and monetary policy will drive crypto price increases.

In general, the Treasury’s repurchase of Treasuries tends to lower yields on U.S. government debt. A drop in interest rates can reduce borrowing costs for consumers and businesses, potentially boosting spending and investment and stimulating economic activity.

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(This article has been distributed since 2016)

Cryptocurrency Market Analysis [April 22]