Recent developments indicate a bullish trend for risk markets, including cryptocurrencies. This trend is supported by improving economic data and forecasts.
Altcoins Analysis
Amazon Web Services and Humain AI announced over $5 billion in investments, highlighting significant technological advancements. The shift in sentiment also affects the cryptocurrency market. The analytics platform Stockmoney Lizards shared graphics showing a rising trend for altcoins. According to them, there are many sell orders above the $104,000 mark, and after breaking through the historical maximum, a significant market squeeze may occur.
> "Most don’t understand accumulation during bearish sentiment. We are already in an upward phase. The journey has begun, and sentiment is shifting. Enjoy the ride." – Stockmoney Lizards
Global Trade War
The Global PMI New Export Orders index fell by 2.6 points in April to 47.5, marking the lowest reading since the end of 2022. Trump's approach of leveraging threats for negotiations proved beneficial but unsustainable, leading to a swift agreement with China. According to S&P Global, goods exports have steadily declined since the second half of 2024, and global services exports contracted for the first time since late 2023. This emphasizes the need to return these figures to normalcy through expansion.
Future Predictions
If history repeats itself, ETH could cross $6,000 and BTC may reach new highs around $200,000 this year. Expectations for other altcoins are even more optimistic. Changes in the Fed's monetary policy may occur unexpectedly, akin to the rapid contraction in 2022. The coming months promise to be thrilling.
The situation in cryptocurrency markets and the global economy is shaping interesting forecasts. Improved economic indicators and technological advancements are paving the way for a new phase of growth for cryptocurrencies.
