$BTC A strong rise in Bitcoin breaks its historical correlation with Nasdaq and mimics the rise of gold!

The price of Bitcoin recorded its largest increase since early March, reinforcing hopes that the leading cryptocurrency has finally begun to break free from its historical trading pattern in parallel with U.S. tech stocks, as Bitcoin has recovered approximately 20% since hitting its low on April 7.

A shift towards gold as a safe haven

This movement indicates that the cryptocurrency is taking a path in line with gold, which is currently the standout asset in the markets amid uncertainty caused by tariffs. This decoupling from the trajectory of U.S. assets, largely due to the depreciation of the dollar, provides some relief to cryptocurrency investors.

Trump's disruptions shake the markets

Concerns in the markets are rising due to Trump's recent attacks on Federal Reserve Chairman Jerome Powell, whom he blamed for the delay in interest rate cuts. Analysts believe that Bitcoin's decoupling from U.S. assets could signal a return to the long-term bullish scenario for Bitcoin as a store of value.

Current performance of Bitcoin and future forecasts

The price of Bitcoin has increased approximately 1.7%, currently trading around $88,400. The dollar index has risen slightly after falling on Monday to its lowest level since late 2023, while gold has surpassed the $3,500 per ounce mark for the first time.

Bitcoin exchange-traded funds listed in the U.S. attracted net inflows of $381 million on Monday, marking the largest inflow since January 30. Predictions indicate that a stable advance of Bitcoin beyond $88,800 could propel it to achieve additional gains in the range of $92,000 to $94,000.