#TrumpVsPowell #MarketRebound #BinanceAlphaAlert #TrumpVsPowell $BTC
The price of Bitcoin has risen to its highest levels since early March, boosting optimism that the largest cryptocurrency has finally begun to break free from the usual pattern that makes it move in parallel with U.S. technology stocks.
After being briefly affected by a wave of selling in risk assets that followed U.S. President Donald Trump's announcement of comprehensive tariffs on both allies and geopolitical adversaries, the price of Bitcoin rose by about 21% from its lowest levels recorded on April 7. With this rise, Bitcoin began trading in a manner similar to gold, which is considered the standout among assets in markets suffering from uncertainty related to tariffs.
This detachment from U.S. assets – largely driven by a decline in the dollar – serves as a relief for cryptocurrency optimists, after the first three months of Trump's presidency failed to ignite the rally many had anticipate