{"id":127631,"date":"2025-04-21T16:18:28","date_gmt":"2025-04-21T16:18:28","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127631"},"modified":"2025-04-21T16:18:28","modified_gmt":"2025-04-21T16:18:28","slug":"bitcoin-price-tops-88-5k-as-btc-doubles-down-on-stocks-decoupling","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127631","title":{"rendered":"Bitcoin price tops $88.5K as BTC doubles down on stocks decoupling"},"content":{"rendered":"

Source: Cointelegraph.com NewsBitcoin (BTC) doubled down on its divergence from stocks at the April 21 Wall Street open as US trade war tensions escalated.\u00a0BTC\/USD 1-day chart. Source: Cointelegraph\/TradingView
\nTrade war reactions fuel BTC price gains
\nData from Cointelegraph Markets Pro and TradingView showed BTC\/USD matching month-to-date highs above $88,000.
\nBitcoin continued higher after the weekly close to catch up with gold as the latter set fresh all-time highs of $3,430 per ounce.
\nXAU\/USD 1-hour chart. Source: Cointelegraph\/TradingViewBy contrast, stock markets came under renewed selling pressure, with the S&P 500 and Nasdaq Composite Index both down over 2% at the time of writing.
\nNewfound BTC price strength thus appeared to end lockstep trading with equities as part of reactions to trade-war headlines.
\nThese included warnings about the deterioration of relations with the US from both China and Japan, while US President Donald Trump renewed existing attacks on Federal Reserve Chair Jerome Powell over interest rates.
\nSource: Donald Trump\u201cTechnology stocks have gotten crushed again over the last week. Nvidia, NVDA, is down over -15% since last Monday while multiple other Mag 7 stocks are down 10%+,\u201d trading resource The Kobeissi Letter wrote in part of a reaction thread on X.\u00a0
\n\u201cWithout technology stocks, this market cannot bottom.\u201d
\nS&P 500 1-hour chart. Source: Cointelegraph\/TradingViewKobeissi also referenced downside pressure on the US Dollar Index (DXY), which traded at its lowest levels since March 2022.
\n\u201cWhile the USD, DXY, falls to a new 52-week low below 99, Bitcoin and Gold are surging,\u201d it summarized.\u00a0
\n\u201cMarkets need trade deals ASAP.\u201d
\nUS dollar index (DXY) vs. BTC\/USD chart. Source: The Kobeissi Letter\/XBitcoin \u201cinstitutional confidence returning\u201d
\nContinuing, trading firm QCP Capital struck an optimistic tone.
\nRelated: US dollar goes \u2018no-bid\u2019 \u2014 5 things to know in Bitcoin this week
\nBitcoin, it argued in its latest bulletin to Telegram channel subscribers, seemed to be sharing some of gold\u2019s limelight as a hedge against macroeconomic uncertainty after months of failure.
\n\u201cWith equities finishing last week in the red and extending an April drawdown, the narrative of BTC as a safe haven or inflation hedge is once again gaining traction. Should this dynamic hold, it could provide a fresh tailwind for institutional BTC allocation,\u201d it wrote.
\nQCP even suggested that recent outflows from the US spot Bitcoin exchange-traded funds (ETFs) may soon recover.
\n\u201cIndeed, we\u2019re already seeing early signs of institutional confidence returning. Spot BTC ETF flows turned positive last week with net inflows of $13.4 million, a stark contrast to the previous week\u2019s $708 million in outflows,\u201d the bulletin noted.\u00a0
\n\u201cIn options markets, positioning has turned more balanced. Risk reversals across tenors have flattened out, diverging from the persistent near-dated put skew that has dominated for weeks.\u201d
\nUS spot Bitcoin ETF flows (screenshot). Source: Farside InvestorsThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsBitcoin (BTC) doubled down on its divergence from stocks at the April 21 Wall Street open as US trade war tensions escalated.\u00a0BTC\/USD 1-day chart. Source: Cointelegraph\/TradingView Trade war… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127631"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127631"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127631\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127631"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}