According to BlockBeats, Matrixport's recent market analysis indicates that Bitcoin has broken through its previous downward channel, currently outperforming U.S. stocks and bonds. Significantly, it has reaffirmed its value as a hedge against the U.S. dollar, particularly for American investors.
This hedging role is reminiscent of Bitcoin's function over the past decade in countries like Argentina, Turkey, and during the Southern European debt crisis. As macroeconomic and geopolitical pressures mount, Bitcoin continues to prove its importance in asset allocation. Following this breakthrough, Bitcoin surpassing the critical $90,000 resistance level has become a realistic possibility.
