Bitcoin Surges Past $88,000 Amidst Stock Market Divergence and Trade Tensions
Bitcoin vaulted above $88,500 today, its highest level since November, outshining a sharp sell‑off in equities that analysts blamed on deepening trade frictions and renewed political pressure on the US Federal Reserve. By 11:45 GMT, the world’s largest cryptocurrency was changing hands at $88,670, up almost 4 per cent on the day and more than 10 per cent since the start of the month. Price breaches a new threshold Market data compiled by Cointelegraph showed Bitcoin matching month‑to‑date highs in early London trading before extending gains during the Wall Street open. The rally took the token closer to last year’s record of $90,000 and extended its outperformance against the wider CoinDesk 20 index, which was broadly flat. Analysts pointed to thin order‑book resistance above $88,000 and a pick‑up in inflows to US spot Bitcoin exchange‑traded funds after several weeks of outflows. $88,011.60 — Bitcoin (@Bitcoin) April 22, 2025 While digital‑asset trader...