Bitcoin
has broken above $90,000 for the first time since early March, marking a
strong 23% rebound from its April 7 low. The rally signals a potential
shift as $BTC shows signs of decoupling from U.S. tech stocks and moving
more like gold—a safe haven amid market uncertainty.
Key Highlights:
$BTC hits $91,687, up 5% in a single day.
Outperforming Nasdaq 100, which remains below March highs.
Dollar weakness fuels crypto’s rebound.
What’s Driving the Rally?
Strategic Bitcoin Reserve (SBR) Hype – Trump’s executive order on a U.S. Bitcoin reserve is nearing its 60-day review deadline, sparking speculation.
Fed Uncertainty – Trump’s criticism of Jerome Powell has weakened the "U.S. exceptionalism" trade, boosting alternative assets like $BTC .
Store-of-Value Narrative – Bitcoin is increasingly seen as digital gold, especially as tariffs and dollar volatility rattle traditional markets.
What’s Next?
With BTC still 16% below its $109K all-time high, traders are watching for:
Updates on Trump’s Bitcoin reserve plan.
Further dollar weakness and Fed policy shifts.
Potential continuation of BTC’s decoupling from tech stocks.
Will Bitcoin’s rally hold? Stay tuned for more updates! 🚀
