On April 25th, Bitcoin emerged as a key leader in the recovery of risk assets, marking its most significant weekly ascent since the election of Donald Trump as U.S. President. As investors assess the ramifications of international trade tensions, the tech-centric Nasdaq 100 index has surged approximately 5%. In contrast, Bitcoin has experienced an impressive increase of nearly 12% over the past week, surpassing the $95,000 milestone for the first time since early March. Jack Ostroffski, a trader with Wintermute, noted, “Volatility persists in the market, and the strong correlation within the cryptocurrency sector indicates that macroeconomic and geopolitical dynamics are pivotal in driving capital movement.” Given the current climate, understanding these market maneuvers is essential for crypto investors aiming to navigate these turbulent waters successfully.
Source: https://en.coinotag.com/breakingnews/bitcoin-surges-12-amid-market-recovery-poised-for-largest-weekly-gain-since-trumps-election/