Bitcoin recorded its biggest weekly gain since the US election, outperforming US stocks

PANews reported on April 25 that according to Jinshi, Bitcoin led the rebound in risk assets and is expected to create the largest weekly gain since Trump won the US presidential election. As investors digest the impact of Trump's trade war, the Nasdaq 100 index, dominated by tech stocks, rose by about 5%, but Bitcoin has risen by about 12% since last week, breaking through $95,000 for the first time since early March. Jack Ostrovsky, a trader at crypto market maker Wintermute, said: "In continuous volatility, the implied correlation within cryptocurrencies remains high." "Therefore, although the overall market has improved, it is clear that macro and geopolitical forces are still the primary drivers of capital flows."