Bitcoin Market Analysis: Volatility Amid Macro Pressures
Bitcoin dropped below $100K following Trump's tariff announcements, showing increased sensitivity to macroeconomic factors. Key points:
- BTC-S&P 500 correlation reached 0.8, a 5-month high
- Despite volatility, Bitcoin maintains structural strength
- BTC has outperformed equities since US election, rising from $67K to $100K+
Institutional activity remains strong:
- MicroStrategy and Metaplanet continue expanding reserves
- Tether integrates USDt into Bitcoin's Lightning Network
While short-term fluctuations persist, higher timeframe analysis suggests a robust trend.