Bitcoin falls slightly as U.S. stocks rise

Trump "Announces 2-Year Easing of Import Auto Parts Tariffs"
US Stock Market Rises... BTC and Altcoins Slightly Decline Compared to 29th
Fidelity "BTC Enters Flow Toward New All-Time High" Forecast

As US President Donald Trump signed an administrative order to ease the burden of imported auto parts tariffs for two years starting next month, and the US stock market rose, the cryptocurrency market, including Bitcoin (BTC), slightly declined on the 30th.

President Trump was set to sign an administrative order on the 29th to ease the burden of imported auto parts tariffs for two years, which will take effect on the 3rd of next month.

Upon hearing this news, the US stock market rebounded, and the cryptocurrency market slightly declined. Analysis suggests that capital that had been flowing into the cryptocurrency market, centered on Bitcoin, shifted to the US stock market.

Bitcoin maintained the $94,000 range, and most altcoins declined by around 1%.

◇Bitcoin = As of 4 PM on the 30th, the Bitcoin price on Upbit was 136,360,000 won. Bitcoin's dominance was 64.52%.

According to on-chain analysis platform Sigbit, the long and short betting ratios in the Bitcoin futures market were 39.93% and 60.07%, respectively.

Optimism surrounding Bitcoin continued on the 30th.

Fidelity, through its digital asset report, analyzed that Bitcoin is still undervalued and maintains a bullish outlook from a medium-term perspective.

The report diagnosed that Bitcoin has entered an 'optimistic phase'. It stated, "Looking at the on-chain indicator Yardstick chart, the indicator remained stable within the standard deviation range in the first quarter of this year," and "This means it has entered a phase that could show an upward trend toward a new all-time high."

It added, "With the recent dollar weakness continuing, a risk asset-friendly environment is being created," but "It is also necessary to pay attention to the possibility of a blow-off top after Bitcoin's rapid rise."

◇Rising Coins = As of 4 PM on the 30th, the cryptocurrency with the largest increase on Upbit was PUNDIX, rising about 10% from 24 hours earlier. PUNDIX has seen a sharp increase for two consecutive days since the 29th.

PUNDIX is a project operating a P2P payment system that provides XPOS, a digital asset payment and transaction POS terminal for various retailers, allowing users to purchase and sell products through digital assets. The PUNDIX token is used for XPOS payments and incentives.

◇Fear and Greed Index = The digital asset Fear and Greed Index provided by Alternative is at 56 points, entering the 'Neutral' stage. The neutral stage is a section where psychological resistance and support from market participants appear, and important decision-making occurs in future price movements.

The Relative Strength Index (RSI) provided by Sigbit is 54.4, recording a 'neutral' state. RSI determines the relative strength between upward and downward pressure of a specific asset price and is an indicator showing the overbought and oversold scales of a specific asset.

Reporter Seung-won Kwon ksw@blockstreet.co.kr