Crypto Daybook Americas: Bitcoin Approaches Four-Year Dominance Peak Amidst Global Economic Tensions
A snapshot of Bitcoin's market performance and key macroeconomic indicators as of April 15, 2025.
Crypto Daybook Americas: Bitcoin Approaches Four-Year Dominance Peak Amidst Global Economic Tensions
Your Day-Ahead Look for April 15, 2025
Bitcoin (BTC) remains resilient despite ongoing global economic anxiety and is on the verge of reestablishing itself above $86,000, merely 3% from its previous peak known as ‘Liberation Day’. This surge has resulted in Bitcoin’s market dominance climbing close to 64%, a figure last recorded in January 2021.
Conversely, the Nasdaq 100 index remains significantly behind, being 5% lower than its own ‘Liberation Day’ high, indicating Bitcoin’s robust performance compared to U.S. stock markets.
Key Highlights:
- S&P 500: The S&P 500 has recently experienced a ‘death cross’, indicating a bearish trend as its 50-day moving average has dipped below the 200-day average.
- Treasury Secretary Speech: During a recent Bloomberg interview, Treasury Secretary Scott Bessent expressed confidence in the U.S. bond market, downplaying fears surrounding potential Treasury sales by foreign nations.
Bessent emphasized the strong standing of the U.S. dollar despite the DXY index dropping below 100 recently, with a decline of over 10% in recent weeks.
In upcoming events unrelated to cryptos, key economic indicators will be released, including consumer price inflation data and retail sales numbers, all critical for gauging market expectations.
What to Watch:
- Crypto Developments:
- April 15: SmarDEX will undergo its first halving, reducing the distribution rate by 50%.
- Other significant token events are scheduled throughout the upcoming week.
Market Update:
- BTC: Up 1.19% to $85,877.18 (24hrs: +1.35%).
- ETH: Up 0.59% to $1,645.30 (24hrs: -1.97%).
Tomorrow’s Figures: Keep an eye on upcoming statistics from Canada and the U.S. as they will outline economic conditions critical for traders.
