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Analysis: Bitcoin remains stable during the Good Friday recess, with macro factors dominating global risk sentiment

On April 19, according to Cryptoslaate, the Bitcoin trading price was flat at around US$84,500 this week and did not show significant fluctuations during Good Friday. With stocks, bonds and commodities trading largely offline, the cryptocurrency market provides a rare window into investor sentiment in the absence of broader liquidity and institutional flows. Traders are watching the progress of ongoing global trade during the holiday season. It is expected that the market may begin to realign its positions after trading on the Chicago Mercantile Exchange futures and bond markets resumes. Previously, Bitcoin was one of the few real-time sentiment indicators in the macro environment, which is increasingly influenced by policy signals and cross-asset fluctuations, but even if gold, oil and stock markets respond to macroeconomic and geopolitical conditions, Bitcoin remains at its original level. Unlike the correlation between stock futures and inflation-sensitive assets, Bitcoin has outperformed most traditional assets in recent trading days.

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