From Yahoo Finance: 2025-05-08 08:00:00

Bitcoin is gaining popularity as investors seek alternatives amid the U.S.-China trade war. It has outperformed stocks and the dollar, nearing $100,000, despite past correlations with market turmoil. Analysts see it as a diversifier, with rising investments in digital asset-focused products. Experts predict a potential record high of $120,000 in 2025.

While bitcoin is showing independence from traditional assets, it remains tied to macroeconomic factors. Its correlation to the S&P 500 has risen back up, indicating continued influence from market trends. Despite recent gains, it has not yet reached its peak value from January. Experts expect fluctuations in correlation but note its evolving trading characteristics.

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