Robinhood’s Stock Surges Alongside Bitcoin’s Rally Amid Market Uncertainty

Bitcoin has experienced a significant resurgence, exceeding $90,000 and marking a notable recovery from its April lows. This surge is being interpreted as a potential shift in Bitcoin’s trading pattern, decoupling it from the correlation with US tech stocks. Economic uncertainties stemming from President Trump’s tariff policies and public critiques of Federal Reserve Chair Jerome Powell have also contributed to this positive movement. Meanwhile, Robinhood Markets (HOOD) stock has seen significant gains, reflecting broader crypto activity.