Source: Cointelegraph.com NewsKey Takeaways:<\/p>\n
Bitcoin price dropped alongside falling Treasury yields, signaling investors\u2019 flight to safer assets.
\nStrategy\u2019s $4.28B Bitcoin purchases and stock market strength have supported BTC above $90,000.
\nA true breakout toward $100,000 will require Bitcoin to decouple from equities and stronger liquidity signals.<\/p>\n
Bitcoin (BTC) experienced a sharp $2,000 correction to $93,500 on April 28. This price movement closely tracked the decline in US Treasury yields, suggesting that traders were seeking the relative safety of more secure assets. Source: Cointelegraph.com NewsKey Takeaways: Bitcoin price dropped alongside falling Treasury yields, signaling investors\u2019 flight to safer assets. Strategy\u2019s $4.28B Bitcoin purchases and stock market strength have supported BTC above $90,000.… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128140"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128140"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128140\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128140"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nWhile Bitcoin traders are moderately satisfied with the 6% gains achieved over the past week, there is ongoing uncertainty as to why BTC has been unable to maintain levels above $95,000.
\nUS 5-year Treasury yield\u00a0 (left) vs Bitcoin\/USD, 15 min. Source: TradingView \/ CointelegraphThe abrupt correction in Bitcoin\u2019s price after reaching $95,500 mirrored the intraday performance of US Treasury yields. A decrease in yields indicates that investors are willing to accept lower returns for holding bonds, which signals increased demand for safer investments. This pattern suggests a sudden decline in risk appetite across major financial markets.
\nChina\u2019s tariff cuts fueled optimism, but US trade concerns reversed sentiment
\nInvestors\u2019 optimism increased over the weekend as news that China had quietly reduced tariffs to zero on selected US semiconductor and circuit board imports was reported by Newsweek on April 25. Notably, the US Russell 2000 small-cap index maintained positive momentum on April 28, remaining near its highest level in over three weeks.\u00a0
\nHowever, this sentiment reversed following an interview with US Treasury Secretary Scott Bessent on CNBC, in which he placed the responsibility for a trade agreement on China.
\nUS Russell 2000 futures (left) vs. Bitcoin\/USD, 1h. Source: TradingView \/ CointelegraphAlthough recession risks have increased amid escalating trade tensions, many US companies are currently reporting strong first-quarter results. According to a FactSet report, 73% of these companies have posted earnings that exceeded analysts\u2019 expectations.
\nBitcoin\u2019s repeated failure to sustain levels above $95,000 appears to be linked to broader macroeconomic concerns. Additionally, the cryptocurrency\u2019s inability to decouple from stock market trends indicates that investors are not yet convinced of Bitcoin\u2019s effectiveness as a hedge during potential economic downturns.
\nThere are also concerns that much of the recent bullish momentum, which has kept Bitcoin\u2019s price above $90,000, has been driven by $4.28 billion in BTC acquisitions by Strategy since mid-March. Furthermore, 97% of the previously approved common share issuance has already been utilized, raising questions about the long-term sustainability of Michael Saylor\u2019s accumulation strategy.
\nBitcoin struggles as strong stock earnings contrast with macroeconomic concerns
\nWhile the stock market is benefiting from a robust earnings season, Bitcoin\u2019s price is being weighed down by perceptions of deteriorating macroeconomic conditions.
\nUS existing home sales in March recorded their largest monthly decline in over two years, falling 5.9% compared to the previous month. Meanwhile, China has outlined plans to support employment and assist exporters after factories reduced production due to weak consumer demand, according to CNBC.
\nRelated: Crypto ETPs hit 3rd-largest inflows on record at $3.4B \u2014 CoinShares
\nGiven the current global economic uncertainty, a sustained rally in BTC above $100,000 will require more than a single week of strong inflows into spot Bitcoin exchange-traded funds (ETFs), particularly as this coincides with significant buying activity from Strategy.
\nFor investors to have confidence in a new Bitcoin all-time high in 2025, the cryptocurrency must demonstrate a clearer divergence from US stock market trends and provide further evidence that central banks will inject liquidity to prevent a crisis.\u00a0
\nAt present, traders are focused on the trajectory of US interest rates and the possibility of a reversal in the Federal Reserve\u2019s balance sheet, which could end a period of monetary tightening that has lasted for more than two years.
\nThis article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author\u2019s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"