$BTC

#BTCRebound Bitcoin exceeds a key resistance level, outperforming US markets

AI Summary

According to BlockBeats, a recent market analysis from Matrixport shows that Bitcoin has surpassed its previous downward channel, currently outperforming US stocks and bonds. Significantly, it has confirmed its value as a hedge against the US dollar, particularly for American investors.

This hedging role resembles Bitcoin's function over the last decade in countries like Argentina, Turkey, and during the debt crisis in Southern Europe. As macroeconomic and geopolitical pressures rise, Bitcoin continues to prove its importance in asset allocation. After this breakthrough, Bitcoin overcoming the critical resistance level at $90,000 has become a realistic possibility.