The context The aggressive commercial strategy of the American president has precipitated the financial markets in a brutal bearish dynamic. The European clues, in particular, accused two consecutive sessions of strong decrease following the announcement of the now famous Liberation Day. Besides, Bitcoin has signed an increase of more than 1 % over the last 24 hours, against all expectations. Trump, catalyst of Bear Market? The one nicknamed “the market candidate” has become, since his new pricing announcements, the catalyst of generalized withdrawal. The Wall Street flagship index, the S&P 500, has sold almost 7 % from the climbing of tensions. In Europe, the CAC 40 fell by 6 %, while the Euro Stoxx 600 records a decline of almost 8 %. Over the same period, Bitcoin, although already weakened, has dropped “only” by 4 % since April 2, with an increase of 1.41 % over the last 24 hours. Banking values have particularly suffered. Société Générale dropped by 12.33 % in a single session, while BNP Paribas lost 6.97 % and Crédit Agricole 5.56 %. Across the Atlantic, the trend is similar: JP Morgan opened 7.20 % and Bank of America abandoned 8.22 % from the start of the session. European banks are doubly weakened: on the one hand, their significant exposure to the American market makes them vulnerable to trade tensions; on the other, the prospect of an economic slowdown combined with a drop in rates weighs heavily on their sources of income; Whether it is loans margins, asset management commissions or investment activities. Bitcoin: Revenge in preparation? The relative resilience of Bitcoin could be explained by the fact that the assets would have already integrated trade tensions into its prices, long before current climbing. The withdrawal had started from Trump’s first price announcements to Canada and Mexico in February. He then underwent a second shock during the targeted measurements against China. Since its January 20 summit, Bitcoin has accused a total decline of almost 24 %. It is therefore possible that the market has anticipated a good part of the geopolitical stress. However, it is still too early to find out if digital assets are able to extract sustainably from this context. As often in the crypto universe, the performance of the weekend, generally conducive to volatility, will serve as a real test. From a technical point of view, the signals sent by the experts are rather encouraging, despite the tense economic context. Rekt Capital underlines that the monthly RSI of the dominance of Bitcoin is on the way to reaching new peaks, after having validated a clean retest of the support of November 2024. This movement reflects a refocusing of investors on Bitcoin, to the detriment of Altcoins, in a logic of refuge in times of uncertainty. For his part, Merlijn The Trader highlights a well -known technical scheme: the AMD setup (accumulation, manipulation, distribution). According to him, Bitcoin has already started the expansion phase, that where the price climbs strongly, before a possible distribution phase marked by profit taking. This type of configuration, often observed in crypto cycles, suggests a short -term upward prosecution. Morality of history: the banks plunge, Wall Street cries … and Bitcoin looks in the corner, as if he had seen everything coming. Notice of non-responsibility Non-responsibility notice: In accordance with the guidelines of The Trust Project, BEINCRYPTO undertakes to provide impartial and transparent information. This article aims to provide exact and relevant information. However, we invite readers to verify the facts of their own and consult a professional before making a decision on the basis of this content.
