Bitcoin, Cryptos Are In Consolidation Mode. This Can Be the Next Catalyst. -- Barrons.com

Dow Jones
05/01

By Elsa Ohlen

Cryptocurrency prices were mixed to start Thursday as Bitcoin hovered around $95,000.

Technical analysts say cryptos are in a consolidation mode, and the global economy needs a positive catalyst for prices to break out of it.

Bitcoin was up 0.4% to $95,048 over the past 24 hours, according to CoinDesk data. Ether and Solana rose 1% and 2%, respectively, while XRP fell 1%.

The Bitcoin price holding steady for the past few days is forcing the market to watch for the next move, said FxPro analyst Alex Kuptsikevich. "Such long consolidations usually accumulate strength for further movement."

Cryptos often respond to macroeconomic events such as interest rates and trade policy, and prices suffered as a result of economic uncertainty prompted by President Donald Trump's tariffs.

Prices initially fell on weaker-than-expected U.S. GDP data Wednesday but quickly edged back up again. The next major trigger is likely Friday's jobs report.

Write to Elsa Ohlen at elsa.ohlen@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

May 01, 2025 05:32 ET (09:32 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10