Bitcoin inched higher on April 29, 2025, trading at almost $95,400, marking a resurgence that puts it close to $96,000 for the first time in over two months. The overall crypto market saw Bitcoin rise by 1%, while the CoinDesk 20 index gained 1.1%, led by Bitcoin Cash's impressive 6.3% increase. Despite a calm trading session, there were concerns about market blindness to economic indicators revealing a slowdown attributed to tariffs from the Trump administration. Consumer confidence hit lows not seen since 2020 and job openings declined, raising eyebrows about the market's resilience. Meanwhile, Secretary of Commerce Howard Lutnick announced the finalization of a trade deal with an undisclosed country, pending ratification. Analyst Jeff Park warned that the market remains shortsighted, stating that potential Federal Reserve rate cuts may not be sufficient if U.S. creditworthiness is undermined internationally due to these tariff policies.

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