The Crypto market experienced another relatively quiet day on Tuesday despite widespread pessimism about the impact of Trump administration’s tariffs on the economy.

Bitcoin (BTC) has risen by 1% over the past 24 hours and trades with nearly $ 95,400 and within the sight of topping $ 96,000 for the first time since the second half of February. Coindesk 20 – an index for the 20 best cryptocurrencies at market value except stableecoins, exchange coins and memcoins – increased 1.1%, with Bitcoin Cash (BCH) that exceeded the rest of the index by increasing 6.3%.

Crypto stores had quite muted notions on Tuesday with Coinbase (Coin) and strategy (Mstr) up 0.9% and 3.3%. Janover (JNVR) continued to take advantage of his sun -accumulation strategy and increased another 16%.

The stock market also continued its recovery from the early April customs panic, where the S&P 500 and NASDAQ each added 0.55%.

For some observers, the market’s performance has been inevitable from the wave of economic data coming in, suggesting that US economic activity is slowing down due to customs policy detached by the White House.

Consumer confidence entered its lowest level since May 2020, according to a conference board survey, while consumers’ prospects hit its lowest point since 2011. Meanwhile, the Jolts survey indicated that job openings had dropped to 7.19 million in March against an expected 7.5 million.

In Fresh Customs News, trade -lover Howard Lutnick said today that a trade agreement had been reached with an unspecified country, although the agreement still had to be ratified with the country’s leaders.

Some shade on the rally

“Hard to understand how blind the market really is,” Jeff Park, head of Alpha Strategies at Bitwise, was posted on X.

“A bold cutting means nothing if US credit rating is permanently impaired by the global community, which resulted in dollar weapons,” Park said, referring to recent speculation as to whether the US central bank will be forced to lower the rates to address the effect of Trump’s tariffs. “That’s the wrong price we’re talking about here,” he continued. “The myopian focus on, if [we] Getting a fed cut in May/June is completely irrelevant if the notion of the risk -free that we know that it is basically challenged forever, which means that the cost of capital globally goes higher. “