Bitcoin remains resilient despite a downturn in U.S. stock markets caused by high tariffs and Federal Reserve policy decisions.
U.S. Stock Indices Retreat
Major U.S. stock indices, including the S&P 500 and Nasdaq 100, faced significant losses. The S&P 500 dropped by 1.71%, and the Nasdaq 100 declined by 2%, losing 455 points. The Dow Jones and Russell 2000 also fell by 1.70% and 3%, respectively. The Schwab US Dividend Equity ETF, focused on dividend-generating stocks, fell by 0.5%.
Impact of Tariffs and Fed Policy
Markets reacted to the Federal Reserve's decision to maintain a restrictive monetary policy amid high inflation. Data showed a rise in both the headline and core consumer price index (CPI) in the United States. Fed minutes indicate that most officials favor maintaining this course. Meanwhile, investors are concerned about imposed tariffs potentially increasing market risks.
Positive Outlook for Bitcoin
Despite market turbulence, analysts note the bullish flag pattern forming on Bitcoin's chart, which may indicate potential growth. Additionally, Bitcoin previously formed a cup-and-handle pattern, also considered a positive indicator.
Bitcoin shows resilience in the face of negative market movements and political challenges. Further strengthening may be expected in the future.
