A remarkable resurgence in the cryptocurrency market has placed Bitcoin back above the $95,000 threshold, marking its highest value since late February. This upward trend comes after a significant dip earlier this month when global trade tariff announcements by President Trump affected investor sentiment. Over the past week, Bitcoin's price has surged nearly 13%, showcasing resilience that surpasses the broader stock market recovery.
Analysts attribute the recent upswing in Bitcoin to evolving perceptions of its role as a store-of-value asset. According to Carlos Guzman from GSR Research, crypto investors now view recent geopolitical uncertainties as less impactful on long-term crypto prospects. The divergence between crypto and traditional equities is becoming more pronounced, with data indicating substantial inflows into Bitcoin ETFs—over $2.6 billion since the start of the week. Additionally, speculative positions betting against Bitcoin's rise have been liquidated at an unprecedented rate, totaling nearly $300 million in just one day.
The positive momentum extends beyond Bitcoin, with other major cryptocurrencies also experiencing notable gains. Ethereum, Solana, and Dogecoin are among those seeing significant increases over the past week. As the digital asset landscape continues to evolve, these developments highlight the growing appeal of cryptocurrencies as both an investment vehicle and a hedge against economic uncertainty. This shift underscores the potential for digital currencies to play an increasingly central role in global financial strategies.