Recently, the cryptocurrency market has once again welcomed a wave of significant increases!
The most insane surge came from the Meme coin 'TRUMP' issued by Trump himself, which soared nearly 65% on Thursday, reaching a high of $15.47, and slightly retreated to around $13 on Friday. According to China News Network, on April 23, Trump announced that the top 220 investors holding 'Trump coins' would have the opportunity to have dinner with him at his private club.
The world's largest cryptocurrency, Bitcoin, has experienced a surge. On the night of April 25, Bitcoin broke through the $95,000 mark, reaching a new high since February 24, with a cumulative increase of over 11% in the last five trading days.
As Bitcoin rises, Strategy, the publicly listed company that holds the most Bitcoin globally, has seen a floating profit of $488 million this month.
As of midnight on April 26, Coinglass shows that in the last 24 hours, over 138,000 people globally have faced liquidation, with a total liquidation amount of $343 million.
This surge in Bitcoin is somewhat different from previous ones. In the past, Bitcoin and U.S. stocks generally rose and fell together, but in recent weeks, the U.S. stock market has been caught in panic and volatility due to tariffs, with the S&P 500 correcting by 3.66% in the past month. However, Bitcoin's upward trend remains strong, with a monthly increase of 8.31%. The divergence between Bitcoin and U.S. stock trends partially reflects a shift in market sentiment—Bitcoin's characteristics as a risk asset are being diluted, and it is being heavily bought as a safe haven during periods of intense market volatility.
Recently, the U.S. has rarely experienced a simultaneous decline in stocks, bonds, and currencies, putting significant pressure on dollar assets. Are the conditions ripe for Bitcoin to act as a safe-haven asset?
