BTC Tops $95,000; U.S. Equities Stay Resilient Despite Caution Over ‘Blind’ Market

Bitcoin Approaches $96K as Markets Rally Despite Economic Headwinds and Tariff Uncertainty

Bitcoin hovered near a key resistance level on Tuesday, trading around $95,400 after a 1% gain over the previous 24 hours. The modest uptick came amid broader market optimism, even as fresh data pointed to weakening U.S. economic fundamentals.

The CoinDesk 20 index rose 1.1%, with Bitcoin Cash (BCH) leading gains at 6.3%. Crypto equities saw mixed but generally positive performance — Coinbase (COIN) added 0.9%, MicroStrategy (MSTR) rose 3.3%, and Janover (JNVR) jumped 16% on continued momentum tied to its Solana (SOL) holdings.

Equity markets extended their rebound from early April’s tariff-driven slump. The S&P 500 and Nasdaq each gained 0.55%, as investors appeared to look past worsening economic signals.

Consumer confidence dropped to its lowest level since May 2020, and the outlook gauge fell to levels last seen in 2011, according to the Conference Board. In labor market news, the March JOLTS report showed 7.19 million job openings — significantly short of the expected 7.5 million.

Despite the gloomy data, Secretary of Commerce Howard Lutnick said the White House is finalizing a trade agreement with an undisclosed country. The deal is pending approval from the foreign government.

Some market experts remain skeptical of the rally. “Hard to fathom how blind the market really is,” said Jeff Park, head of Alpha Strategies at Bitwise, in a post on X. He warned that excessive focus on potential Fed rate cuts ignores deeper risks.

“A rate cut means nothing if U.S. credit is fundamentally damaged by dollar weaponization,” Park said, adding that if the risk-free status of U.S. assets is called into question, global capital costs could rise permanently.