’Bear Market’ for American ports, dropping dollar and stable bitcoin

As predicted on Monday, this short stock (and crypto) market week seems to be a waste of time as investors hit the pause button. By now, we’re seeing empty ports in the United States, Deutsche Bank predicts that the dollar can go as low as 1.30 versus the Euro while Bitcoin remains nice and stable around the $95k mark.

Seattle

I was in Barcelona this weekend (had to get away from it all for a bit) and there were still cargo ships coming and going all the time over there, but in America it’s a bit different now, especially on the Pacific side. I don’t know if you saw it, but there was a telling picture that went viral on many social media channels earlier this week, namely that of an empty port in Seattle, on the West Coast of the United States.

👀And so it begins... https://t.co/RQ9Qxomdq9

— Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) April 27, 2025

Many of Trump’s followers claimed it was fake, but in the meantime the local newspaper, the ‘Seattle Times’ has confirmed the info is real. Almost no cargo ships are arriving in their port anymore. A consequence of Trump’s disastrous ‘liberation day’ and his trade war with China.

Probably partly because of that, more and more European banks are becoming very negative about the US dollar (which is already very low against the Euro at 1.15). Deutsche Bank predicted in their latest analysis that a return to the level of 1.30 is not impossible in the medium term. Fabulous news for Bitcoin if true.

Euro will rally to $1.30 against the U.S. Dollar by the end of 2027 forecasts Deutsche Bank 🚨 This level was last seen more than a decade ago 👀👀 pic.twitter.com/Qshat1n5zh

— Barchart (@Barchart) April 29, 2025

Bitcoin

Compared to all this negative news, Bitcoin is still nicely around the $95,000 level. Gold is also still hovering around its record high. A small setback for both cannot be ruled out in the coming days, but at the moment things are looking pretty good for both ‘safe havens’ for investors.