Matrixport: Bitcoin breaks through the downward channel better than US stocks and bonds, and its value as a dollar hedging asset is highlighted

According to Foresight News, Matrixport stated that Bitcoin has broken through its previous downward channel and is currently performing better than the US stock market and bonds. More importantly, it has once again demonstrated its value as a hedge against dollar exposure, which is particularly prominent for US investors. This hedging role is similar to the one Bitcoin played in Argentina, Turkey, and some regions during the European Southern debt crisis over the past decade. As macroeconomic and geopolitical pressures rise, Bitcoin continues to confirm its importance in asset allocation. After this breakthrough, breaking through the key resistance level of $90,000 has become a realistic possibility.