Bitcoin price tops $88.5K as BTC doubles down on stocks decoupling
Bitcoin (BTC) doubled down on its divergence from stocks at the April 21 Wall Street open as US trade war tensions escalated.
Trade war reactions fuel BTC price gains
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD matching month-to-date highs above $88,000.
Bitcoin continued higher after the weekly close to catch up with gold as the latter set fresh all-time highs of $3,430 per ounce.
By contrast, stock markets came under renewed selling pressure, with the S&P 500 and Nasdaq Composite Index both down over 2% at the time of writing.
Newfound BTC price strength thus appeared to end lockstep trading with equities as…
