07:09
Matrixport: Weakening U.S. macro data may trigger market turmoil, making Bitcoin rise difficult to sustain.
BlockBeats News, on June 6, Matrixport released a weekly report saying that Bitcoin's upward momentum has weakened, and the U.S. macroeconomic background has begun to show cracks. Two key economic indicators have recently fallen to multi-month lows, but most investors' attention remains focused on where ETE money flows. In fact, fundraising dynamics, stablecoin activity, and forward-looking data all suggest that the market may be changing on a larger scale. As US macroeconomic data begins to soften, we may be entering a period of uncertainty. The recent strength in demand is likely due to the acceleration of order execution in anticipation of Trump's tariffs, but this activity now appears to be normalizing. Policymakers may be wary of easing policy too soon, as they may be concerned that tariffs will reignite inflationary pressures. We have previously noted that a break above $84,500 in Bitcoin confirms its bullish trend
BTC-1.77%

