Bitcoin price may rise to $90,000 in April
After the S&P 500 index experienced a 5.7% drop since April, Bitcoin rebounded 14% during the same period, soaring from $74,400 to over $85,000.
The market is somewhat confused about this trend and is beginning to seriously examine whether Bitcoin is entering a new cycle decoupled from traditional assets. As the macroeconomic environment continues to change, several factors are beginning to favor Bitcoin, including monetary easing by major global central banks, a weakening dollar, ongoing investments by Bitcoin miners, and its increasingly divergent trend from traditional assets like gold and stocks. More and more traders and analysts believe that Bitcoin may even break through $90,000 in April, setting a new all-time high.
After the S&P 500 index experienced a 5.7% drop since April, Bitcoin rebounded 14% during the same period, soaring from $74,400 to over $85,000.
The market is somewhat confused about this trend and is beginning to seriously examine whether Bitcoin is entering a new cycle decoupled from traditional assets. As the macroeconomic environment continues to change, several factors are beginning to favor Bitcoin, including monetary easing by major global central banks, a weakening dollar, ongoing investments by Bitcoin miners, and its increasingly divergent trend from traditional assets like gold and stocks. More and more traders and analysts believe that Bitcoin may even break through $90,000 in April, setting a new all-time high.
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BTC
96,800.01
+2.03%