#MarketRebound

A rebound is a turning point where prices start to increase again after being depressed and is usually closely related to a weakening market movement.

Bitcoin advanced above $90,000 for the first time since early March, fueling optimism that the biggest digital token is finally breaking free of a longstanding tendency to move in the same direction as US tech stocks.

After briefly succumbing to the risk-asset selloff that followed US President Donald Trump’s announcement of sweeping tariffs on geopolitical allies and rivals alike, Bitcoin has rallied almost 23% from an April 7 low. In doing so, it has begun trading more akin to gold, the standout asset in markets roiled by tariff uncertainty.

Bitcoin gained as much as 5% to trade as high as $91,687 on Tuesday. The Bloomberg Dollar Spot Index recovered slightly after falling to its lowest since late 2023 on Monday. The Nasdaq 100 Index was poised for a rebound after Monday’s rout, yet remained well below its levels in late February and early March.

cypto isn't for the weak.