#GT# #BTC# #XRP# #ETH# #DOGE#

The 20% increase in the price of Bitcoin indicates a halt in its correlation with Nasdaq, is it the new gold?🌟🌟🚀🚀🔥🔥🔥🔥
The idea that Bitcoin is the digital gold is experiencing a noticeable decline despite its dominance during the early years of Bitcoin's launch, but it may be renewed under the current market conditions. The trade war between the United States and China and the increasing likelihood of a recession in the U.S. economy have shifted the general mood of investors looking to hedge against uncertainty in the macroeconomic environment; currently, BTC’s position as a global asset is solidifying with "a decrease in its correlation with Nasdaq, and an increase in its correlation with gold" over the past two weeks, according to Nansen CEO Alex Svanevik. Bitcoin's price rose by 20% two weeks prior to April 22, matching the increase in gold price to $3,500 despite the escalating trade war between the world's two leading economies, reflecting the possibility of a decline in BTC's historical correlation with U.S. stocks and an increase in its correlation with gold.
What are the reasons that attract investors to Bitcoin as a safe haven?
The trade war caused by tariffs has raised concerns about inflation and the depreciation of traditional currencies, encouraging investors to shift to alternative stores of value - such as gold and Bitcoin.
These concerns have increased as the US dollar faces negative pressures amid rising expectations for interest rate cuts. Institutions and users generally prefer low interest rates due to their suitability for borrowing, although there are also negative aspects. Despite ongoing pressures from President Trump on Federal Reserve Chairman Jerome Powell (Jerome Powell( to lower interest rates, the risk of inflation continues to rise.