On April 27, on the evening of April 25, Bitcoin broke through the $95,000 mark, creating a new high since February 24. As Bitcoin surged, Strategy, the publicly listed company with the most Bitcoin holdings globally, has seen a floating profit of $488 million this month. As of 0:00 on April 26, Coinglass shows that in the past 24 hours, over 138,000 people in the global cryptocurrency market were liquidated, with a total liquidation amount of $343 million.
This Bitcoin rally is slightly different from previous ones. In the past, Bitcoin and US stocks generally rose and fell together, but in recent weeks, the US stock market has been in panic and volatility due to tariffs, with the S&P 500 pulling back 3.66% in the past month. However, Bitcoin's momentum remains strong, with a monthly increase of 8.31%. The divergence between Bitcoin and US stock trends reflects a shift in market sentiment - Bitcoin's nature as a risk asset has been downplayed, and instead, it has been massively bought as a safe haven during market volatility.
Moreover, the most crazy surge belongs to Trump's own meme coin "TRUMP", which once soared 65% due to a "dinner together" marketing campaign, reflecting the market's speculative enthusiasm for cryptocurrencies.
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