Bitfinex alpha | Bitcoin at the heart of the market storm

April 22nd Bitfinex alpha | Bitcoin at the heart of the market storm

Bitcoin has shown a respectable recovery during one of the most “most intense” macroeconomic instability in recent years. Despite a 32% reduction from its January peak, BTC still falls on the correct trajectory of a typical cycle in previous price-rising markets. It is worth noting that US equities and Treasury bonds suffered extreme fluctuations reflected in the VIX index more than five years later, but Bitcoin recovered more than 16% from the bottom, surpassing most traditional risk assets.

This recovery simultaneously brings “climbing” gold to the highest level of the new era, at over $3,300 per ounce, strengthening the growing story of Bitcoin growing into a digital macrofence. Both assets are increasingly considered as global neutral storage in the context of capital flows from non-globalization, trade disputes, and stock market fluctuations. Recent Price Actions support this paper. April 2 – Also known as Liberation Day – Bitcoin behaves like gold, showing a strong motivation for a recovery from the bottom, while larger markets continue to struggle under tightening pressures and policy instability.

BTC/USD 4H chart (source: Bitfinex)

In fact, when uncertainties in trade policy, inflation risks and consumer behavior are converged, the US economy is becoming more and more unstable. President Jerome Powell has been looking at interest rates carefully, highlighting the need to require more data in the context of market growth due to new tariffs and limited imports from China.

Import prices fell slightly in March, mainly due to lower energy prices, but this decline is expected to continue. New tariffs have been applied recently, and the weaker US dollar could push inflation to import higher in the coming months. This increase in costs has begun to spread to consumers. The sharp 1.4% increase in retail sales in March is evidence that Americans are in a hurry to buy items before the expected prices rise, which is more like a defensive response, not a sign of recovery. With increased inflationary pressures and weaker consumer psychology, households can switch to saving more quickly than spending.

Import price index with US dollar index

Over the week, Crypto witnessed a wave of acceptance and innovation in many areas. Tether has made strategic investments in Fizen, a fintech company focusing on self-management and digital payment wallets, aiming to use Stablecoin like the everyday use of USDT through user-friendly tools such as QR codes and card readers. The move reflects the industry’s broader efforts to make digital assets more accessible, especially for unbanked communities around the world.

Meanwhile, Canary Capital has filed an application with the US SEC to launch a Tron-based ETF, part of a larger plan to expand cryptocurrency investment products in the context of expectations of a more favorable legal environment. In the public sector, Panama has announced that it will now accept Bitcoin, Ethereum, USDC and USDT to pay taxes and urban fees.

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