The price of Bitcoin surged to $95,000 Friday, its highest level since February—as analysts noted its narrative as a store-of-value asset is strengthening.
Bitcoin’s price topped $95,000 Friday, reaching its highest level since February 24—and while stocks and other risk-on assets have recovered ground lost since U.S. President Donald Trump announced plans for “reciprocal” global trade tariffs, Bitcoin has recovered more.
Analysts pointed to a strengthening narrative around Bitcoin as a store-of-value asset, noting that, “Crypto's behavior the last few days has been different to stocks.” It’s lent fuel to the idea the Bitcoin could be decoupling from equities and morphing into a “safe haven” like gold.
Funds continued to flow into Bitcoin ETFs, with $442 million in inflows Thursday, further strengthening the cast that “weakness in the dollar” is fuelling demand for crypto, analysts told Decrypt.
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