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#Bitcoin Price Dips Amid Macro Concerns — Can $95K Hold?
Bitcoin (BTC, $94,117) fell sharply to $93,500 on April 28, tracking a drop in US Treasury yields as investors shifted to safer assets. Despite a 6% weekly gain, #BTC struggles to hold above $95K.
Key Points:
Risk-off sentiment drove BTC ’s correction as Treasury yields fell.
#Strategy’s $4.28B BTC buys and strong stocks have supported prices above $90K.
Breakout to $100K requires decoupling from equities and stronger liquidity signals.
Macro Influences:
China’s tariff cuts briefly boosted optimism, but US trade concerns reversed sentiment.
Strong corporate earnings contrast with recession fears, keeping BTC: tied to stocks.
Housing data weakens::US home sales fell 5.9% in March, while China supports exporters amid slowing demand.
Outlook:
BTC needs sustained. #ETF inflows and a clear split from stock trends to reach new highs. Traders watch Fed policy shifts for liquidity signals.
#CryptoFeast