""Price action in Bitcoin looks outright bullish," Chris Weston, head of research at Pepperstone, told Barron's on Wednesday. "If the pullbacks remain limited and well supported, then a new record high could come into play.""
"As risk sentiment erodes in traditional markets, investors are increasingly turning to Bitcoin as a haven asset. This shift comes amid growing concerns over economic growth and fiscal policy."
Bitcoin's price has recently surged to nearly $110,000, marking a new all-time high as market sentiment improves following last month’s tariff-induced sell-off. After reaching $109,693, Bitcoin retreated to around $106,000 amidst concerns over rising Treasury yields and fiscal uncertainty in Washington. The surge caps a five-week rally driven by institutional inflows, dollar weakness, and optimism around increased regulatory clarity. Analysts suggest if pullbacks remain limited, Bitcoin could reach new highs, reflecting its appeal as a haven asset amid traditional market volatility.
Read at New York Post
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