Bitcoin is now rising according to the cryptocurrency Nydig, Trump's release day after safe assets
Bitcoin (BTC) looks more of a safe asset, in the middle of the introduction of President Donald Trump's tariffs in the midst of financial cells, the digital asset investment office NYDig said.
Nydig Global Research Manager Greg Cipolaro notes a new analysis This Bitcoin showed last week's discharge of shares, the US Treasury and the dollar.
“Geopolitical tensions, including tariffs, remain relevant (despite Trump, many of them are walking back), but Trump's political pressure on the Fed Fed Chair Powell, and even speculation about his potential dismissal, which added peace to the market. In many ways it is exactly the environment where Bitcoin should shine.
The separation of traditional risk assets is still very early and fragile, but the shift is palpable for the 24/7 (guilty) followers of the crypto markets. However, we have not yet seen confirmation in the data. Our preferred correlation measure-90-day rolling window currently shows correlations that grow between Bitcoin and US equities. ”
Cipolaro states that reducing faith in US political choices has been reduced by the US dollar and the US Treasury status as safe assets.
“What is interesting to us is that since April 2 is the 'Liberation Day', a new picture of Haven's assets, which also includes bitcoin, begins to emerge. Bitcoin has behaved less like a liquid version of the widespread version of the US equity beta, and rather than the sovereign value.
Bitcoin trades at a price of $ 95,205 at the time of writing. At the ceiling of the cryptocurrency market at the top, the ceiling of the market will increase by more than 2%in the last 24 hours.
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