Why has Bitcoin risen? The IMF report explains it👇$BTC

This week, the International Monetary Fund released a concerning report stating:

- A slowdown in global growth with a reduction in U.S. growth forecasts from 2.7% to 1.8%.

- U.S. inflation rising to 3% (up from previous forecasts of 1.9%).

This has caused panic among investors over the decline of the dollar and traditional markets, leading them to swiftly turn towards 'safe haven' assets.

The results:

With the dollar falling to a 3-year low, we have seen:

- Gold rising by 25% since the beginning of 2024.

- Bitcoin soaring beyond $90,000 with $381 million flowing into ETF funds in a single day (the highest since January).

- The cryptocurrency market rising to $2.9 trillion, with major currencies like Ethereum and Solana increasing by 5%.

📌 Decoupling from traditional markets: Fact or illusion?

Experts from Gemini and Bernstein believe that Bitcoin has begun to detach from the influence of tech stocks and the dollar, especially with:

- Trump's sharp monetary statements against Federal Reserve policies.