{"id":24231,"date":"2025-04-28T20:31:50","date_gmt":"2025-04-28T20:31:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24231"},"modified":"2025-04-28T20:31:50","modified_gmt":"2025-04-28T20:31:50","slug":"bitcoin-holds-tight-despite-dismal-economic-data-rising-india-pakistan-tensions","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24231","title":{"rendered":"Bitcoin Holds Tight Despite Dismal Economic Data, Rising India\/Pakistan Tensions"},"content":{"rendered":"<div>\n<p>Bitcoin (BTC) fell early in the U.S. trading session, but mostly held firm as poor macroeconomic news rolled in.<\/p>\n<p>The top cryptocurrency late in the day was trading just below $95,000, up 0.5% over the past 24 hours. The CoinDesk 20 \u2014 an index of the top 20 largest cryptocurrencies by market capitalization excluding memecoins, exchange coins and stablecoins \u2014 was roughly flat over the same time frame.<\/p>\n<p>Crypto stocks like Coinbase (COIN), Strategy (MSTR) and the miners were losing modest ground after big gains last week. Notable exceptions included Janover (JNVR) and DeFi Technologies (DFTF), ahead 24% and 6.5%, respectively even as SOL \u2014 the token which both companies are aggressively accumulating \u2014 fell about 3% during the U.S. day.<\/p>\n<p>Meanwhile, gold rose almost 1% and the dollar index fell 0.6%. The S&amp;P 500 and Nasdaq each peaked into the green late in the session after earlier dipping more than 1%.<\/p>\n<p>The Dallas Fed Manufacturing Index, a typically little-noticed economic data point, plunged to -35.8 from -16.3 last month \u2014 much worse than analysts\u2019 expectations of a -14.1 print and the worst performance since COVID upended the world economy.<\/p>\n<p>\u201cPretty horrible Dallas Fed Manufacturing Survey. Level hits the lowest since May 2020,\u201d Joe Weisenthal, co-host of the Odd Lots podcast, <a href=\"https:\/\/x.com\/TheStalwart\/status\/1916863341600886805\">posted<\/a> on X. \u201cAll the comments are about tariffs and policy uncertainty. Add it to the list of bad soft\/survey data.\u201d<\/p>\n<p>Hostilities between India and Pakistan might also have added to market jitters, with Pakistani Defense Minister Khawaja Muhammad Asif claiming that an Indian military incursion into Pakistan was imminent. Last week 26 people were killed in a terrorist attack in Pahalgam, a popular tourist destination in Indian-controlled Kashmir. The two countries have exchanged fire since.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) fell early in the U.S. trading session, but mostly held firm as poor macroeconomic news rolled in. The top cryptocurrency late in the day was trading just below $95,000, up 0.5% over the past 24 hours. The CoinDesk 20 \u2014 an index of the top 20 largest cryptocurrencies by market capitalization excluding memecoins, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24231","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24231"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24231\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}