ℹ️
The information provided in this article is for informational purposes only and does not constitute financial or investment advice. Always do your own research and consult a financial advisor before making investment decisions.
Views 11 Comments 0
Nansen: Crypto's clinging to hope in a shaky market, craving some good news!

Nansen: Crypto's clinging to hope in a shaky market, craving some good news!

Date: 2025-04-01 20:28:50 | By Gwendolyn Pierce

Nansen Research: Crypto Bottom Incoming? April to June Could Be It!

Macroeconomic Cues This Week Could Seal the Deal

Nansen Research is buzzing with excitement, pointing out that this week's macroeconomic factors and cues could be the final piece of the puzzle in confirming a crypto bottom between April and June. Hold onto your hats, folks!

On April 1, 2025, Nansen's principal researcher, Aurelie Barthere, dropped the bombshell. She's all in on this week, with major data releases and policy announcements on the horizon that could shake things up.

Get ready, because investors are zeroing in on the Federal Reserve's policy, tariffs, and U.S. growth signals like manufacturing and jobs data. It's going to be a wild ride!

Nansen's calling this "Liberation Week," and it's set to unleash key data disclosures and potential political announcements. Combine that with the current market sentiment, and we might just get a clear indicator of where Bitcoin (BTC) and the rest of the crypto world are headed.

Barthere's not just talking crypto; she's got her eyes on other financial assets too. Equities have been taking a beating lately, and she's watching closely.

Tariff jitters are still calling the shots for crypto and risk assets. That 25% auto tariffs announcement? It's got everyone on edge, and the threat of reciprocal tariffs isn't helping. But Nansen's researchers are hopeful. They're betting on "constructive negotiations" and concessions from the big players like the Eurozone, Japan, and China to turn things around.

And let's not forget the Fed. Chair Jerome Powell's set to speak on Friday, and Nansen's expecting some clarity on the chances of three rate cuts this year. Everyone's waiting with bated breath.

So, what do investors want from Powell's speech? Nansen's got the answer: "We would like to hear Fed Chair Powell reiterate his FOMC's press conference rather dovish stance, e.g., concerns over growth will be prioritized and the Fed will be comfortable with cutting rates even with core inflation close to 3% YoY."

And don't sleep on the employment data coming out on Friday. Nansen says non-farm payroll numbers for March, somewhere between the economist consensus at 139k and the six-month average of 191k, with an unemployment rate of 4.3%, would be music to investors' ears.

Why does this matter? Because the recent 11% drop for the S&P 500 has got everyone worried about growth. And let's not forget the technical indicators for BTC aren't looking great, with prices failing to break above the 200-day moving average. Altcoins are in full-on sell-off mode, with most posting dead crosses that scream fragile market sentiment. Any good news could be a game-changer.

But here's the kicker: Nansen's feeling good about this week. They're sticking to their guns with a 70% probability that crypto will hit a bottom between April and June. Buckle up, because it's about to get interesting!

Comments (0)

Please Log In to leave a comment.

×

Disclaimer

The information provided on HotFart is for general informational purposes only. All information on the site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the site.

×

Login

×

Register