Experts Highlight Bitcoin’s Revival as a Safe-Haven Asset

The surge of Bitcoin above $87,000, amidst new gold records and continued stock declines, indicates potential growth in institutional capital inflow into the leading cryptocurrency, according to QCP Capital.

Asia Colour — 21 Apr 25

1/ Bitcoin staged an Easter resurrection of its own, surging past $87K during early Asia hours and clawing back much of the selloff triggered by Trump’s surprise “Liberation Day” announcement. Unlike December’s quiet Santa Rally, this move had bite — $BTC…

— QCP (@QCPgroup) April 21, 2025

Analysts note the renewed positioning of Bitcoin as a “safe-haven asset” and a hedge against inflation.

On April 21, the price recovered most of the losses following US President Donald Trump’s “Liberation Day” announcement.

Experts observed a recovery in net inflows into BTC-ETF and a shift in the options market towards a more balanced state. Previously, there had been a bias towards puts with shorter expiration dates, they explained.

Experts suggested monitoring the sustainability of the current trend over the next few sessions, focusing on the correlation between Bitcoin, gold, and stocks.

“We are watching the key resistance level of $88,800. Until it is breached, conclusions should not be drawn,” they concluded.

Is the Dollar to Blame?

Matrixport highlighted the ongoing trend of the weakening US dollar. On April 21, the catalyst for new sales was the reaction to Trump’s threats to remove Jerome Powell from his position as head of the Fed.

? Today’s #Matrixport Daily Chart — April 21 2025 ?

Trump’s Fed Threat Weakens Dollar, Renews Bitcoin’s Appeal as a Hedge

#Matrixport #BTC #Crypto #market #trading $BTC #MarketTrends #Trump #USD #DonaldTrump #FED #Dollar #US pic.twitter.com/Zr2eYOjkws

— Matrixport Official (@Matrixport_EN) April 21, 2025

Specialists reminded of the inverse correlation between the USD and digital gold, which, in light of recent trends, could strengthen the position of the leading cryptocurrency.

By June, the market is expected to reach a local bottom, and the future direction will be set by the results of US negotiations with major trading partners regarding tariffs, according to Nansen.

Earlier, Coinbase advised maintaining a “constructive attitude” towards Bitcoin’s prospects in the second half of 2025.