Cryptogram prices increased this week as the indexes of US actions such as Dow Jones, S&P 500 and Russell 2000 fell sharply. The US dollar index also had the worst performance since April, when Donald Trump announced his “reciprocal” tariffs.
Bitcoin (BTC) He jumped to a record of $ 111,900, while the market capitalization of all the Altcoins, excluding Bitcoin shot at $ 1.29 billion, the highest point since February of this year.
The Dow Jones, which tracks 30 blue chip companies, fell to $ 41,340, at 3.45% from its highest level this month. Other upper blue chip indices fell by more than 1.2%, erasing billions of dollars in value.
The American dollar index, which tracks the yield of the Greenback against a coin basket, fell to $ 99.10, going to a technical correction. A correction occurs when the price of an asset falls by 10% of a local top.
Cryptographic prices exceed performance
Bitcoin Price beat US actions and backback due to their emerging role as a safe asset with reputation as Blackrock predicted in this White paper. In it, the world’s largest asset manager said that gold was becoming a coverage against the US public debt.
Therefore, Bitcoin increased after Moody’s reduced the credit rating of the United States of Triple-A to a lower notch, citing the substantial debt. Moody’s joined the other two qualification agencies, S&P Global and Fitch, which have also reduced their triple-A rating.
The massive sale of shares and the US dollar continued after the House of Representatives voted for Donald Trump “Big Big Beautiful Bill,“What reduces more than $ 4 billion in taxes. It is estimated that the bill increases public debt by $ 4 billion to $ 5 billion for a decade, a worrying development since the national debt approaches $ 37 billion.
American actions fell on Friday after Trump warned that the United States Implement a 50% tariff on European goods June 1. The EU has warned that it will correspond, a measure that will interrupt the annual commercial volumes worth more than $ 1.7 billion.
Analysts point out that Bitcoin’s foundations are strong enough to resist these concerns. On the one hand, the data shows that demand between the institutions is increasing, as the supply continues to fall this year. Bitcoin is also seen as digital gold, which can help you do well in the long term.