From Cointelegraph

April 18, 2025 1:14:00 pm:

Bitcoin’s spot price could be impacted by the US Federal Reserve’s report on the worst manufacturing data in recent history. The Philadelphia Federal Reserve reported sharp declines in business activity, putting BTC under short-term pressure. Bitcoin could rebound if it maintains above $83,000 per coin. As of April 18, Bitcoin traded at around $84,000 per coin.

The Federal Reserve’s bearish report comes as factories prepare for President Trump’s sweeping tariffs on US imports. General activity, new orders, and shipments have all fallen, signaling subdued growth expectations. Rising prices and slowing production could negatively affect financial markets, including cryptocurrencies. Analysts are concerned about the economic impact and lack of clarity on the tariffs’ permanence.

Despite the economic challenges, Bitcoin has shown more resilience to recent macroeconomic shocks compared to stocks and other cryptocurrencies. Since Trump announced tariff plans, Bitcoin has traded flat or rebounded, while the S&P 500 remains down by about 7%. Binance reported that BTC has held steady or rebounded on days when traditional risk assets faltered. Trump’s tariff plans have caused concerns among crypto executives about potential disruptions to blockchain networks.

Read more at Cointelegraph

Bitcoin hits new all-time high of $60,000 as institutional interest grows. The cryptocurrency has seen a 100% increase in value since the start of the year, with total market capitalization exceeding $1 trillion. Experts predict continued growth as more companies embrace digital assets.: Analysts brace for Bitcoin slide on gloomy US manufacturing data