Bitcoin recorded its largest weekly gain since the US election, outperforming US stocks
2025-04-25 16:20:46
Bitcoin has led the rally in risky assets and is on track for its biggest weekly gain since Trump won the US Presidential Election. The tech-heavy Nasdaq 100 is up about 5 percent as investors digest the impact of Trump's trade war, but bitcoin has gained about 12 percent since last week and topped $95,000 for the first time since early March. "Amid the constant volatility, the implied correlation within cryptocurrencies remains high," said Jack Ostrovskis, a trader at cryptocurrency market-making firm Wintermute. "So while the overall market has improved, it's clear that macro and geopolitical forces remain the main drivers of capital flows."
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