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Bitcoin Rallies 20% During Market Turmoil to Diverge From Tech - BLOOMBERG
By Sidhartha Shukla
Bitcoin advanced to the highest level since early March, fueling optimism that the biggest digital token is finally breaking free of a longstanding tendency to move in tandem with US tech stocks.
After briefly succumbing to the risk-asset selloff that followed US President Donald Trump’s announcement of sweeping tariffs on geopolitical allies and rivals alike, Bitcoin has rallied almost 20% from an April 7 low. In doing so, it has begun trading more akin to gold, the standout asset in markets roiled by tariff uncertainty.
