Bitcoin recorded its biggest weekly gain since the US election, outperforming US stocks

News: Bitcoin led the rebound in risk assets, potentially creating the largest weekly gain since Trump won the U.S. presidential election. As investors digest the impact of Trump's trade war, the Nasdaq 100 index, dominated by tech stocks, rose by about 5%, while Bitcoin has increased by approximately 12% since last week, breaking through $95,000 for the first time since early March. Jack Ostrowski, a trader at crypto market maker Wintermute, stated: "In continuous volatility, the implied correlation within cryptocurrencies remains high." "Therefore, although the overall market has improved, it is evident that macro and geopolitical forces continue to be the primary drivers of capital flows." (Jin Shi)