In the past few weeks, increased import duties on the part of the United States have caused worldwide unrest. The stock and cryptoma markets experienced a break-in. Thanks to a 90-day retail break, there is now a cautious relaxation-but what comes afterwards is uncertain.
Bitcoin (BTC) Despite geopolitical and economic uncertainties, it remains surprisingly stable. A report by the financial service provider comes to this conclusion New York Digital Investment Group (Nydig).
Bitcoin beats other asset classes
The trade war, which US President Donald Trump runs with the rest of the world, causes considerable unrest on the traditional financial markets. Investors on the stock markets had to accept significant losses in early April.
In view of this market uncertainty, it is obvious that too Cryptocurrencies are severely affected. Digital assets are still considered to be relatively risky. In politically and economically uncertain times, investors avoid such risks. Nevertheless, the crypto market is surprisingly stable overall.
Greg Cipolaro, head of the research department at Nydig, said in one Contribution from 11. April that Bitcoin (BTC) is currently developing even better than other asset classes:
“Although Bitcoin was affected by the news about tariffs, volatility was surprisingly limited.”
The cryptoma markets recover surprisingly quickly
The news about the US import duels initially also caused significant price losses at the cryptom market. In the meantime, however, many cryptocurrencies have largely recovered. Compared to other markets, the crypto sector is more robust and stable overall.
Cipolaro mentions the StableCoin Tether (USDT) as an example of the stability of the cryptoma market. Although the price of the StableCoin is linked to the US dollar, fluctuations can occur-as in the course of Trump’s customs announcements. “The price fell shortly under one dollar, but there was no severe drop in price,” said Cipolaro.
The derivative market for cryptocurrencies also showed no extreme volatility and recovered quickly. Last Sunday and Monday, fewer than $ 500 million were liquidated-a comparatively low amount, according to the Nydig research manager.
Does the cryptoma market remain so resistant?
The trade war is far from over. With his unclear plans and surprising decisions, Trump continues to ensure uncertainty. Most import duties were temporarily moved. Nevertheless, it is unclear what European and other countries have to expect after this break.
According to Cipolaro, Bitcoin could become more attractive for investors as a value memory – especially because it is not bound to sovereign states. The decline in volatility compared to other asset classes could support this development. Nevertheless, Cipolaro expects economic and political tensions to continue to ensure fluctuations in the future.
Trump’s trade war could have a short -term effect on countries worldwide. At the same time, this situation also opens up new opportunities for Bitcoin.