CoinDesk Podcast Network Why Bitcoin’s Record Monthly Close Failed to Ignite Market Euphoria | Markets Daily
Jun 2, 2025
Patrick Liou, Head of Markets at Gemini, unpacks Bitcoin's recent record highs while discussing the surprising lack of market enthusiasm. He delves into the impact of U.S.-China trade tensions on investor sentiment and the significance of upcoming interest rate changes. Liou highlights the increasing corporate adoption of Bitcoin as a treasury asset, showcasing a shift from skepticism to acceptance among companies. He also explores future legislative trends that could further shape Bitcoin's role in finance.
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Muted Euphoria Despite Bitcoin Highs
- Bitcoin's highest monthly and weekly closes didn't spark market euphoria due to a six-month price breakout failure.
- Market sentiment remains muted amid range-bound trading and macroeconomic tensions like trade wars.
Trade War Creates Market Seesaw
- Trade tensions between the US and China cause market seesaw with alternating accusations and denials.
- Markets react to negotiating progress, discounting worst trade war escalation scenarios.
Tariffs Affect Inflation and Markets
- Extreme tariff rates (over 145%) would seriously damage markets, but current tariff adjustments stay within tolerable ranges.
- Tariffs impact inflation and thus influence potential rate hikes affecting global markets.