Bitcoin Leads Risk Asset Rebound with Significant Weekly Gains

According to PANews, Bitcoin has spearheaded a rebound in risk assets, potentially marking its largest weekly gain since U.S. President Donald Trump won the presidential election. As investors assess the impact of Trump's trade war, the tech-heavy Nasdaq 100 index has risen by approximately 5%. However, Bitcoin has surged about 12% since last week, surpassing $95,000 for the first time since early March. Jack Ostrowskis, a trader at cryptocurrency market-making firm Wintermute, noted that despite ongoing volatility, the implied correlation within cryptocurrencies remains high. He emphasized that while the overall market has improved, macroeconomic and geopolitical forces continue to be the primary drivers of capital flows.