Apr 21, 2025
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Bitcoin Surges Past $87K as Investors Shift Focus to Digital Gold
Current market sentiment around Bitcoin has shifted, renewing its comparison to digital gold. Key developments include:
- Bitcoin price surpassed $87,000, gaining 3.35% in 24 hours.
- Market conditions have revived the narrative of Bitcoin as a store of value, reflecting rising gold prices and investor anxiety over inflation.
- The US dollar index dropped to a three-year low, influenced by political pressure on the Federal Reserve.
- Analysts noted a weakening correlation between Bitcoin and US equities; instead, its movement aligns more with gold.
Altcoin Performance
Other major cryptocurrencies also experienced gains: