Bitcoin poised for its biggest weekly gain since the U.S. election, outperforming U.S. stocks

TechFlow news, April 25 — According to Jinshi Data, Bitcoin led the rebound in risk assets, on track for its largest weekly gain since Trump won the U.S. presidential election. As investors digest the implications of Trump's trade war, the tech-heavy Nasdaq 100 index rose about 5%, while Bitcoin has surged approximately 12% since last week, breaking above $95,000 for the first time since early March.

Jack Ostrovskis, a trader at cryptocurrency market maker Wintermute, said: "Amid constant volatility, implied correlations within crypto remain high. Therefore, despite broader market improvements, it's clear that macroeconomic and geopolitical forces continue to be the primary drivers of capital flows."