Bitcoin Soars to $88,500, Breaking Away from Stock Market Slump. .

Amid global instability and escalating trade tensions, Bitcoin has surged to a record $88,500, signaling a clear decoupling from equities and increasingly positioning itself as a "safe-haven" asset alongside gold.

Amid growing concerns over a potential global trade war and a weakening US dollar, Bitcoin is increasingly showing signs of decoupling from the stock market, instead mirroring the bullish momentum of gold.

During the April 21 trading session on Wall Street, Bitcoin continued its strong rally, further distancing itself from the downward trend in equities as trade tensions between the US and several countries intensified.

According to data from TradingView, the BTC/USD pair surged past $88,000, marking its highest level this month. After ending last week with impressive gains, the leading cryptocurrency extended its upward trend, tracking the performance of gold, which also set a new all-time high at $3,430 per ounce.

In stark contrast, the stock market saw a sharp decline. As of now, the S&P 500 and Nasdaq Composite indices have each dropped by more than 2%, driven by heavy sell-offs.

Bitcoin’s momentum underscores its growing independence from traditional equities, especially amid mounting global uncertainty shaking investor confidence.