Bitcoin, Ethereum and Dogecoin continues “risk for trade.”

Investors continued to purchase risk assets, including growth stocks, technology stocks and cryptocurrencies on Wednesday. And as an asset with a high correlation, it is not surprising that it ends consistently today.

The movement of encryption is due to macroeconomic news than about the creepo itself. Bitcoin (BTC 2.52%)) It has increased 2.9% since the stock market closed yesterday. Ether Leeum (ETH 4.70%)) 5.1%increased equipment (viceroy 3.46%)) 6.2%increased.

The trade war was kicked out (or is it?)

Today’s speculation said that the finance Minister Scott Bessent is expecting “withdrawal” in the trade war with China in the “very close future.”

The trade war caused concerns that the United States would fall into a recession, which led to the overall reduction in Bitcoin and the market. But some of these concerns have been alleviated today, at least today as the market movement.

If the trade war is actually alleviated and the economy is picked up later this year, it may be good for the market, including cryptocurrency. But considering everything that happened last month, it keeps uncertain.

The surge in Bitcoin shows where its value is

It is noteworthy about Bitcoin’s movement today is that it is related to growth and technology stocks. In contrast, gold decreased 3.3% today, and increased when the market crashed at the end of last week and earlier this week.

Bitcoin itself does not appear to be valuable in inflation hedges, market hedge or volatile markets. It is acting like a dangerous asset, which is a way for investors to expect transactions.

Ether Leeum and Dogecoin’s future

Bitcoin has become a clear risk asset, but Ethereum and Dogecoin ask more questions as they decide where encryption assets are in the long term in the market. Ether Lee has made Bitcoin significantly lower performance despite the utility of the blockchain produced over the past few years. This is because Ether Leeum did not improve speed or transaction costs like a blockchain. Sola me (Encryption: SOL) Take a market share due to speed and low cost.

Dogecoin was the first meme coin, but it is fun to buy memes only when the market goes up. Dogecoin has decreased by more than 50% since the election and is much lower than the 2021 peak during the peak of the market craze. Dogecoin will continue to trade like dangerous assets, but it is difficult to see the foundation improvement without the actual use of the token.

The future of encryption is bright, but tokens face uncertainty.

I think that the movement like today is another signal that the encryption market will continue to be traded with assets such as growth stocks. However, unlike growth stocks, this token is less fundamental.

After the tariffs were announced early this month, Bitcoin’s claim of value was not proved to be true. And when inflation increases, Bitcoin will fall again.

Ether Leeum and Dogecoin continue to have their minds, but developers and businesses are looking for more use of blockchains, so they can lose favor. Today’s movement looks like a temporary bounce for luck that Ether Leeum and Dogecoin decrease in the long run.