Bitcoin price tops $88.5K as BTC doubles down on stocks decoupling

Bitcoin is increasingly abandoning its stocks correlation to copy gold’s upside, while the dollar dives and trade war fears continue to grip markets worldwide.

Bitcoin (BTC) doubled down on its divergence from stocks at the April 21 Wall Street open as US trade war tensions escalated. 

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD matching month-to-date highs above $88,000.

Bitcoin continued higher after the weekly close to catch up with gold as the latter set fresh all-time highs of $3,430 per ounce.

Read more