Bitcoin Shows Resilience Amid U.S. Credit Downgrade and Macroeconomic Uncertainty
Despite macroeconomic turbulence triggered by Moody’s downgrade of the U.S. credit rating, Bitcoin (BTC) has demonstrated remarkable stability, ending the week with only a marginal 0.2% decline to $104,300. This article explores Bitcoin’s resilience in the face of global market volatility and its potential trajectory as a hedge against traditional financial instability.
Bitcoin Holds Ground as U.S. Credit Downgrade Rattles Global Markets
Bitcoin (BTC) demonstrated resilience amid macroeconomic turbulence, ending the week nearly flat with a marginal 0.2% decline to $104,300. This stability emerged despite Moody’s Investors Service downgrading the U.S. government’s long-term credit rating from AAA to Aa1—a historic shift ending America’s century-long pristine rating.
The downgrade reflects mounting concerns over unsustainable debt burdens and ineffective fiscal policies across administrations. Global markets reacted with risk-off sentiment, yet Bitcoin’s steady performance underscores its evolving role as a macroeconomic hedge.
JPMorgan to Offer Bitcoin Access Despite CEO’s Skepticism
JPMorgan Chase & Co. will allow its clients to buy Bitcoin, marking a significant shift for the Wall Street giant even as CEO Jamie Dimon maintains his personal skepticism toward cryptocurrencies. The bank’s decision reflects mounting institutional demand for digital asset exposure despite regulatory uncertainties.
Dimon reiterated his critical stance during the firm’s Investor Day, calling himself "not a fan" of Bitcoin. His comments echo previous characterizations of the cryptocurrency as "worthless" and tied to illicit activity. Yet the pragmatic move to accommodate client demands underscores crypto’s irreversible penetration into traditional finance.
The bank clarified it won’t provide custody services, suggesting a measured approach to crypto adoption. This development comes amid growing institutional interest, with bitcoin recently attracting $2.4 billion in weekly inflows according to CoinShares data.
Market Expert Predicts Bitcoin to Hit $220,000 By Year End If This Happens
Bitcoin (BTC) has surged approximately 25% in April alone, rebounding from lows below $80,000 amid U.S.-China trade tensions. The cryptocurrency now trades around $104,921, buoyed by renewed institutional interest, including significant inflows into spot Bitcoin ETFs from asset managers like BlackRock and Fidelity.
Market analyst "apsk32" projects a potential rally to $220,000 by 2025 if Bitcoin maintains its historical correlation with gold. The pundit emphasized in a recent tweet that BTC’s price movements continue to mirror long-term patterns tied to the precious metal rather than fiat currencies.
Bitcoin Could Surge to $200K by Year-End, Says BitMEX Co-Founder Arthur Hayes
Arthur Hayes, the outspoken co-founder of BitMEX, has ignited market speculation with his bullish outlook on Bitcoin. In a recent interview with Fortune, Hayes projected Bitcoin could reach $200,000 as early as Q3 2025, with a year-end target of $250,000. His long-term forecast remains $1 million per BTC by 2028.
"Bitcoin needs to break $110K first, then accelerate toward $150K-$200K this summer," Hayes stated. He anticipates capital will subsequently rotate into altcoins once Bitcoin establishes new highs.
Best Crypto To Buy On The Dip As Bitcoin Loses Weekend Gains
Bitcoin’s record weekly close above $105,000 proved fleeting as profit-taking pushed prices back to $102,300, erasing weekend gains. This retracement reflects the typical filling of the CME gap—the price differential between Friday’s close and Monday’s open—which occurs in roughly 65% of cases.
Despite the pullback, fundamentals remain robust. Macroeconomic conditions continue improving, and the anticipated passage of the "GENIUS Act" stablecoin bill in Congress could provide further tailwinds. Bitcoin’s unprecedented weekly closing level suggests underlying strength, with analysts expecting bullish momentum to reassert shortly.
