The Bitcoin price increase in April reached a four-year high of 21,325,421,657, highlighting its safe-haven attributes.
Bitcoin has risen approximately 12% this month, far exceeding gold's 6.1%, becoming a safe-haven choice during market turbulence (such as the U.S. imposing tariffs). Standard Chartered Bank believes that Bitcoin's decentralized nature may make it better at hedging financial risks than gold, with institutional funds continuously flowing into Bitcoin spot ETFs (a net inflow of $2.9 billion in April). If the monthly close is within the range of $93,300 to $96,500, it will solidify the current support level and lay the foundation for subsequent increases.