In April, risky assets saw a minor increase with the S&P 500 Index rising 1.5% and Bitcoin gaining over 4%. However, there may be headwinds in May if US banking woes escalate further. JPMorgan Asset Management’s Bob Michele has warned that the turmoil at First Republic Bank may cause a domino effect. If this happens, it may cause a correction in US equity markets. It is difficult to predict how Bitcoin will react in such a crisis, as it has seen price increases despite banking troubles. In the short term, Bitcoin and select altcoins are showing signs of strength. The article provides technical analysis of Bitcoin, Solana, Cosmos, Internet Computer, and Hedera. The article cautions that this content does not provide investment advice or recommendations.
Just Bitcoin or diversify? 5 cryptocurrencies to watch in the next few days
