+11.9% in April Holding above $76K Now eyeing $77.5K
Meanwhile…
The S&P 500 just hit ALL-TIME HIGHS (7,200+) + $8 TRILLION added in market cap since March
And here’s the twist:
US inflation (PCE) just hit 3.5% — highest in 3 years.
So markets are pumping… Even as inflation is rising.
What does this mean? → Liquidity > Fear → Tech earnings (Apple, Google) are carrying risk assets → Bitcoin is following—but lagging
BUT
:- BTC still hasn’t reclaimed the key 21-week EMA And historically, that matters. :- Some analysts are calling for a retest of the $60K zone before a true breakout.
So right now: - Stocks = euphoric - Bitcoin = cautiously bullish - Macro = confusing
This is the kind of market that rewards patience, not FOMO.