Bitcoin rebounded strongly over $87,000 during Easter, recovering losses triggered by Trump's April 2 "Liberation Day" rhetoric, and gold simultaneously hit a new all-time high, reinforcing Bitcoin's "safe-haven asset" narrative, QCP Capital analysis noted. The BTC spot ETF saw a net inflow of $13.4 million last week, and the options market sentiment is leveling out, indicating that institutional confidence is beginning to show signs of recovery. If Bitcoin breaks through the key resistance level of $88,800, it could mark a substantial shift in the positioning of traditional markets.
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QCP: Bitcoin rises back to 87K, its safe-haven attribute may regain institutional favor.
Bitcoin rebounded strongly over $87,000 during Easter, recovering losses triggered by Trump's April 2 "Liberation Day" rhetoric, and gold simultaneously hit a new all-time high, reinforcing Bitcoin's "safe-haven asset" narrative, QCP Capital analysis noted. The BTC spot ETF saw a net inflow of $13.4 million last week, and the options market sentiment is leveling out, indicating that institutional confidence is beginning to show signs of recovery. If Bitcoin breaks through the key resistance level of $88,800, it could mark a substantial shift in the positioning of traditional markets.