Bitcoin Slightly Slips On U.S. Stock Exchange Rise

Trump Announces "Easing Two-Year Tariffs on Imported Auto Parts"
U.S. Stock Markets Rise...BTC/Altcoin Slightly Lower Than Apr. 29
Fidelity "BTC Enters Flow for Recording ATH to Reach" Outlook

The cryptocurrency market, including Bitcoin(BTC), fell slightly on Apr. 30 as U.S. stocks rose as U.S. President Donald Trump eased the burden of tariffs on imported auto parts that take effect next month for two years.

President Trump decided to sign an executive order on the 29th to ease the burden of tariffs on imported auto parts that will take effect on the 3rd of next month for two years.

When the news broke, the U.S. stock market rebounded and the cryptocurrency market fell slightly. Analysts say that capital, which had recently been concentrated in the cryptocurrency market centered on Bitcoin, has headed to the U.S. stock market.

Most altcoins fell to around 1%, including Bitcoin maintaining the $94,000 level.

◇Bitcoin = Bitcoin price is $94,716 at 4:30 p.m. on Apr. 30, 2025. The Bitcoin share (dominance) was 64.52%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 39.93% and 60.07%, according to on-chain analytics platform Sigbtc.

Optimism surrounding Bitcoin continued on the 30th.

In a digital asset report, Fidelity analyzed that Bitcoin is still in an undervalued segment and maintains a bullish outlook from a medium-term perspective.

The report diagnosed that Bitcoin has entered the "optimistic section." "If you look at the yardstick chart, which is an on-chain indicator, the indicator remained stable within the standard deviation range in the first quarter of this year," the report said. "This means that we have entered a phase that could show an upward trend toward the new price."

"The recent weakening of the dollar has created a favorable environment for risky assets," he added. "However, it is worth paying attention to the possibility of a blow-off top (a sharp reversal after a sharp rise) after Bitcoin soared."

◇Upside Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Apr. 30 was PUNDI X(PUNDIX), up about 10% on the day alone.

FundyX is a project that operates a P2P payment system that distributes XPOS, a digital asset payment and transaction force, to various retailers so that users can purchase and sell products through digital assets. PUNDIX tokens are being used for XPOS payments and incentives.

◇Fear Greed Index = The digital asset fear-greed index provided by Alternative has entered the 'neutral' stage with 56 points. The neutral stage is a section where the psychological resistance and support of market participants appear, and important decision-making actions appear in future price movements.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 54.4, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a particular asset price and is an indicator of a measure of over-purchasing and over-selling of a particular asset.

권승원 기자 ksw@blockstreet.co.kr