⚠️Attention, hodlers! The king of crypto roars again… and this time it does so alone. Bitcoin has surpassed $88,500 and is charting its own course, distancing itself from the stock market and embracing the profile of a safe-haven asset alongside gold 🪙🛡️.
At the full opening of Wall Street on April 21, while stocks were suffering drops of more than 2% 📉 and the dollar slid below March 2022 levels, BTC decided it had no time for stock market drama and preferred to approach the golden shimmer of the precious metal, which also hit historical highs: $3,430 per ounce.
👉🏻The reason?
Trade tension + global uncertainty = Bitcoin strengthens. 💪
With China and Japan tightening the rope with the U.S. 🇨🇳🤝🇺🇸 and Trump throwing darts 🎯 at none other than Jerome Powell over interest rates, traditional markets tremble... but Bitcoin ignites its rocket.
🥊BTC vs Nasdaq vs Dollar: who wins the round?
BTC/USD: + to the moon!🚀
Nasdaq and S&P500: -2% and counting↘️
USD (DXY): new 52-week low⛔️
Gold: legend mode activated🧝♂️🧗♂️
🤔And what about Bitcoin ETFs?
Good news: according to QCP Capital, net inflows were $13.4M this week. Gone are the massive outflows from last week. Institutional confidence is returning!
Even the options market shows signs of optimism, with more balanced positioning and less short-term fear.
💪All this reinforces the narrative of BTC as a refuge against macroeconomic chaos, something many of us have been anticipating for years.
📝 In summary:
🪙Bitcoin is not just rising…📈📊
⚡️It's marking its independence from Wall Street, the dollar, and the old financial patterns.
💰🤑The new digital gold? It seems more so every day.
📌 Sources: Cointelegraph, TradingView, QCP Capital, The Kobeissi Letter
🤔And what do you think?
Are we seeing a new chapter in the history of BTC as a global safe-haven asset?
Will ETFs return to drive the price even higher?
I'll read you in the comments!
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