The post Bitcoin Surges to 6-Week High at $89K as Dominance Hits 4-Year Peak appeared on BitcoinEthereumNews.com.

Bitcoin has continued its upward march this week, tapping a six-week high of $88,900 during Tuesday morning trading in Asia. It is the highest the asset has been since March 7, according to CoinGecko, and represents a gain of 18% since its 2025 low of $75,000 earlier this month. As reported by CryptoPotato, Bitcoin appears to have re-correlated with gold, which hit an all-time high just below $3,500 per ounce this week as investors flock to safe-haven assets. All the people with gold and bitcoin in their portfolio today while stonks and bonds were down. pic.twitter.com/U64tKPOPcK — Lyn Alden (@LynAldenContact) April 21, 2025 Stonks Sinking Bitcoin continues to show signs of decoupling from the broader financial market, which is “massively bullish,” said Satoshi Action Fund founder Dennis Porter. US stock markets have started the week in the red with daily losses of around 2.5% on the three major indexes, the S&P 500, Nasdaq, and Dow Jones. President Donald Trump and Federal Reserve chair Jerome Powell continued to face off, with the central banker being labelled a “major loser” by Trump for failing to reduce interest rates. The S&P 500 has now erased $2.5 trillion since the April 9 high after the 90-day tariff “pause,” observed the Kobeissi Letter. On April 20, China warned that countries that cooperate with the US in ways that compromise their interests will be retaliated against. On April 21, Japan’s Prime Minister said his country won’t keep conceding in US tariff talks. “If Japan concedes everything, we won’t be able to secure our national interest,” Shigeri Ishiba said. “The US is trying to commit economic suicide, and everyone is dumping US assets in response,” opined economist Alex Krüger. Where are the trade deals? The S&P 500 has now erased -$2.5 TRILLION since the April 9th high…

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Filed under: News - @ April 22, 2025 5:26 am