The last bitcoin price: Bitcoin rises above $ 90,000 for the first time since March 7; Here is what is led by the increase

Bitcoin (BTC) had an impressive bounce, exceeding $ 90,000 for the first time on Monday since March 7 this year, according to reports.

Bitcoin excels stock markets

The largest encrypted currency has been estimated at more than 5 % in the past five days, a complete transformation of the downtown path of old stocks, according to Coindesk. While the S&P 500 decreased from more than 5700 points in early March to about 5,200 points, the recent Bitcoin increase indicates an increase in the difference between digital currencies and traditional stock markets, according to Coindesk.

Bitcoin “turning”

Bitcoin elevation rises to escalating doubts in US dollars and height Economic uncertaintyAccording to the investment. Cryptovision analyzed that “for the first time in years, Bitcoin and Gold tells the same story”, with a highlight of the highest level of gold and bitcoin, and quoted from Investx. “Gold celebrates the fifth and five summit per year, Bitcoin joins the party,” Cryptovision said, and highlighted that these two assets refer to an increase in lack of confidence in the US dollar and increased economic uncertainty.

According to the report, the dollar index, which measures the currency against a basket of six main currencies, has decreased by 10 % since January due to the trade tensions that started with the definition policy in US President Donald Trump. Investx wrote that, “DXY is at its lowest level since March 2022, which can pay Bitcoin about $ 90,000.”

An analyst wrote on the social media platform, called “Horizon Crypto”, that “Nasdaq Download, the weak dollar, gold in a new height, and bitcoin: we are at a turning point”, and quoted INVESTX.

Common questions

Why did Bitcoin recently rose?
Bitcoin increased due to the high doubt in the US dollar and an increase in economic uncertainty, according to reports.How was Bitcoin’s performance compared to stocks?
Bitcoin has diverged from traditional stocks like the S&P 500, which has decreased in recent weeks, according to the Coindsk report.