Bitcoin rises above $ 95,000 as Bitcoin ETFS is based on $ 3 billion last week

The Bitcoin Stock Exchange (ETFS) has been revenue since December last week, as the original cryptocurrency continues to increase the news that President Donald Trump’s tariff negotiations are approaching a resolution.

Bitcoin, accumulated by more than $ 3 billion last week, according to Ethereum data has increased by 11% in the last seven days, XRP has increased by 9% and Solana has increased by 8%.

The announcement of Trump’s fare policy earlier this month caused a thaw out of the market from April 2 and S&P 500 was erased 2.5 trillion dollars In one day. Investors also quickly fled from risky investments such as actions and crypto to take advantage of the expected impacts of politics, including large-scale disruption of supply chains and subsequent inflation.

But bleeding began to curb both traditional and crypto markets after Trump authorized a 90 -day break in most rates (with the exception of China): directing the S&P 500 to its greatest increase in a single day Since 2008 and bitcoin to receive 9% on April 9. The S&P 500 has increased by 1% since Trump announced the pause on April 9. But Bitcoin has significantly passed these gains, adding 14% since the pause was announced.

James Butterfill, Head of Research of ETF Coinshares Issuer, said Fortune This divergence shows that investors are beginning to see Bitcoin as a flight to security in times of economic uncertainty because the currency comes from a centralized entity as a government or a central bank.

“Although actions are weighed by rates and decrease in corporate results perspectives,” he says Fortune. “Bitcoin remains affected and benefited from investors seeking safe safety assets.”

This story originally presented to Fortune.com

Source link