Bitcoin remains stable despite intense macroeconomic situation

Early in the Asian trading session, Bitcoin (BTC) tumbled but managed to hold positions amid concerns regarding macroeconomics.

At the end of the previous day, the world’s main cryptocurrency was trading just below $95.000, gaining 0.5% day on day. The CoinDesk 20 Index, which tracks 20 biggest digital assets by market capitalization, excluding meme coins, exchange coins and stablecoins, didn’t show any changes for the same period of time.

Shares of Coinbase, Strategy, and miners also weakened its positions after the intensive increase last week. The most noticeable exceptions were Janover and DeFi Technologies, which rose up 24% and 6.5% respectively, regardless of SOL’s token decline of 3%.

The main reason of concerns on the market was the worsening of relationship between India and Pakistan, escalating last week, and pessimistic US economic data.