By April 22, 2025, Bitcoin showed signs of recovery, reclaiming the $90,000 level for the first time since March, with a price of $91,563.27, up 4.8% from the previous day, and reaching a high of $91,754.28, its highest since March 6, 2025 (Bitcoin retakes $90,000 as investors see it as alternative to diving dollar and turbulent stocks). This rebound, up 23% from its April low, coincided with turbulence in traditional markets, with the S&P 500 down 5% month-to-date and the U.S. dollar index falling 5% month-to-date. The 30-day correlation between Bitcoin and the S&P 500 stood at 0.65, historically approaching 1.0 during macro sell-offs, suggesting Bitcoin is increasingly seen as a hedge against economic uncertainty.
