Bitcoin hits 90,000 USD, gold surpasses 3,500 USD – A new wave for risk-free assets?

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Bitcoin has just recorded a strong bullish trend, similar to spot gold and contrary to the downward trend of technology stocks – once again igniting hopes for the possibility of decoupling ( from traditional risky assets.

Both gold and Bitcoin have had a positive start to the new week. Bitcoin has risen 3% to 87,500 USD, while gold is approaching the 3,400 USD mark in Monday morning's Asian trading.

On April 22, gold futures surpassed the 3,500 USD mark for the first time, while spot gold peaked at 3,498 USD, up more than 30% since the beginning of the year according to TradingView data.

Bitcoin also reached a peak of 88,800 USD on Tuesday morning and has now surpassed the 90,000 USD mark, up about 37% since the beginning of the year.

![])https://img.gateio.im/social/moments-7f48dc6f79f15e0f5bdc99132845fdd2(Source: TradingViewAnalysts believe that the prolonged bullish momentum of gold is due to the stock market's fall, the weakening of the USD, and the investors' concerns after President Trump increased pressure on Fed Chairman Jerome Powell.

In the context of increasing market instability, the behavior of Bitcoin – reflecting gold rather than technology stocks, which have historically had a close correlation with gold – shows early signs that this digital asset is increasingly functioning as an independent asset, akin to a safe haven.

According to the latest report from QCP Group, the strongest bullish momentum for Bitcoin since the beginning of April has been driven by spot buying demand during trading in the US. Bitcoin spot ETFs in the US also recorded a net inflow of about 381 million USD on Monday – the highest level since the end of January, indicating that buying pressure from institutional investors is returning.

Analysts believe that Bitcoin's rise alongside gold – a traditional safe-haven asset – further reinforces the view that the "king of the coin world" is gradually transforming into an independent asset, seen as a store of value rather than just a risky speculation.

"Capital is shifting towards safe-haven assets and inflation hedges. Bitcoin and gold are the biggest beneficiaries of the wave away from risk assets linked to the USD," QCP Group stated.

Although it is still too early to assert that Bitcoin has completely "decoupled" from the risky asset market, many experts view this parallel surge as a sign that Bitcoin's role in the global financial system is gradually strengthening. If the correlation with gold continues to be maintained, this could bolster the argument for the long-term sustainability of Bitcoin – especially in the context of continuing macroeconomic instability.

You can view the price of BTC here.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do thorough research before making decisions. We are not responsible for your investment decisions.

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