Recent developments suggest a bullish trend for risk markets.
Data and forecasts indicate favorable conditions, with the latest inflation data supporting a rise in cryptocurrencies. However, what do experts think about cryptocurrencies in this scenario? Here are the current predictions.
Altcoins Commentary
Amazon Web Services and Humain AI announced over $5 billion in investments, highlighting significant technological advancements. Meanwhile, Trump comments on corporations warming up to him as the markets rise. Rapid developments unfold, including China’s recent announcement of a tariff agreement set to commence tomorrow. Global consensus aims to avoid large-scale trade wars, accelerating expected economic measures.
Market conditions appear clear, with a stable cryptocurrency upward trend developing. Stockmoney Lizards shared a recent graphic for altcoins, noting:
“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.”
If history repeats, ETH could cross $6,000, and BTC may reach new highs around $200,000 this year. Expectations for other altcoins are even more optimistic.
“Let’s see how it unfolds. However, sentiment clearly shifted. Lots of sell orders exist above 104k. Once we touch and break the old ATH, a significant short squeeze is anticipated.” – Stockmoney Lizards
Global Trade War
The Global PMI New Export Orders index fell by 2.6 points in April to 47.5, the lowest since the end of 2022. Trump’s strategy of leveraging threats to negotiate is beneficial for him but unsustainable. Thus, a swift agreement with China ensued.
According to S&P Global, apart from March, goods exports have steadily declined since the second half of 2024. Meanwhile, global services exports contracted for the first time since late 2023, marking the sharpest downturn since December 2022. Returning these figures to normalcy through expansion is now necessary.
China agrees to expand externally, while the US boosts its economy through additional trade agreements, with several central banks already embarking on monetary expansion. The Fed’s shift to monetary expansion may occur unexpectedly, akin to the rapid contraction in 2022. The coming months promise to be thrilling.
