$BTC
⚡A strong leap for Bitcoin breaks the historical correlation with Nasdaq and mimics the rise of gold⚡🔥
* Bitcoin's price recorded its highest increase since early March, bolstering hopes that the leading cryptocurrency may finally be breaking free from its historical pattern of trading in parallel with U.S. tech stocks, as Bitcoin has recovered by about 20% since it hit its lowest point on April 7.
* This move indicates that the cryptocurrency is taking a path aligned with gold, which is currently the most prominent asset in the markets amid uncertainty arising from tariffs. This separation from the trajectory of U.S. assets, largely due to the decline in the value of the dollar, provides some relief for cryptocurrency investors.
* Bitcoin's price has risen by nearly 1.7% and is currently trading at around $88,400. The dollar index has risen slightly after dropping 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, the largest inflow since January 30. Expectations suggest that a stable breach of the $88,800 level by Bitcoin could push it to achieve additional gains in the range of $92,000 to $94,000.