From Yahoo Finance: 2025-04-29 16:11:00

The crypto market remains stable despite concerns about Trump’s tariffs. Bitcoin is up 1% at $95,400, inching closer to $96,000. The CoinDesk 20 rose 1.1%, with Bitcoin Cash surging 6.3%. Stocks like Coinbase and Strategy saw modest gains, while the S&P 500 and Nasdaq both added 0.55%.

Economic data points to a slowdown, with consumer confidence at its lowest since 2020 and job openings falling. Despite this, the market seems detached from the data. Commerce Secretary Lutnick announced a trade deal with an unspecified country, awaiting ratification.

Bitwise’s Jeff Park questions the market’s blindness to economic data, highlighting concerns about U.S. creditworthiness and the impact of tariffs. He suggests Fed rate cuts may not be enough if the risk-free notion is challenged, leading to higher global capital costs.

Read more: Bitcoin Edges Above $95K, U.S. Stocks Remain Strong as Analyst Warns of ‘Blind’ Market