Bitcoin, the leading cryptocurrency, has recovered the $90,000 level for the first time since March 7th.
Today, flagship coins surged to an intraday high of $90,521 in bit stamp exchanges.
The flagship cryptocurrency benefits from the “decoupling” story.
As reported by U.Today, Bitcoin was firmly on Green on Monday despite a large sale of stock market sales. It prompted speculation that cryptocurrency could recover in parallel with gold, and after performing routinely as a typical high-tech stock, it could ultimately represent a risk-off side.
This trend appears to continue today. That said, it is worth noting that US stocks are also green today. E-Mini S&P 500 index futures exceed 1.5%.
The global market has been hit hard by the ongoing tariff mayhem that appears to be poised to restructure global trade.
There are also concerns about the growing possibility of a US recession
The IMF has sharply lowered its forecast for global economic growth this year. In 2025, the US economy is expected to grow by just 1.8%.
