Bitcoin’s Price Surge: What’s Driving the Rally?

Despite broader market turmoil fueled by escalating tariff tensions and a weakening US dollar, Bitcoin has experienced a significant price surge over the past week, reaching new highs and sparking discussions about its role as a safe-haven asset. Its price is up nearly 11.7% compared to last week, outperforming other markets like the S&P 500 and Nasdaq 100 which have seen declines. Bitcoin has defied traditional market trends by decoupling from equities. This divergence suggests potential long-term shifts in the relationship between cryptocurrencies and established financial instruments.