#MarketRebound
MarketRebound The price of Bitcoin (BTC) has reached its highest level since the beginning of March, reinforcing optimism that the largest cryptocurrency has finally begun to break free from the usual pattern that sees it moving in parallel with American tech stocks.
After being briefly affected by a wave of risky asset sales that followed U.S. President Donald Trump's announcement on imposing tariffs.
based on geopolitical allies and adversaries, the price of Bitcoin has increased by about 21% from its lowest levels recorded on April 7. With this increase, Bitcoin has started to trade similarly to gold, which is seen as one of the most important assets in markets suffering from tariff-related uncertainties.
This separation of American assets – largely driven by the decline of the dollar – represents a breath of fresh air for cryptocurrency optimists, after the first three months of Trump's presidency failed to trigger the wave of gains that many anticipated. Even after the gains made in April, Bitcoin is still trading below the levels reached when Trump returned to the White House.