Bitcoin has led a significant rebound in risky assets, potentially marking its largest weekly gain since President Trump’s victory in the 2016 presidential election. As investors grapple with the impact of former President Trump’s trade war, the tech-heavy Nasdaq 100 index has climbed around 5%. However, Bitcoin has surged approximately 12% compared to last week, reaching a new high above $95,000 for the first time since early March. Trader Jack Ostrowskis of cryptocurrency market-making firm Wintermute highlights that despite ongoing volatility, the correlation between cryptocurrencies remains strong. He emphasizes that while the overall market is improving, macroeconomic and geopolitical events continue to significantly influence capital flow patterns.