Bitcoin’s Bold Move: Is $100K Just Around the Corner or Just a Dream? 💸

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So, Bitcoin has decided to throw a tantrum and go rogue, gaining a cheeky 2% while the S&P 500 and Nasdaq took a nosedive of nearly 6% in a single day. I mean, who needs traditional markets when you can be the rebellious teenager of the financial world? 🙄

Thanks to Trump’s tariffs, a staggering $3.2 trillion vanished from stocks, yet crypto managed to add a mere $5.4 billion to its market cap. Traders are now scratching their heads, wondering if BTC is finally breaking free from Wall Street’s suffocating embrace. Can I get a “Hallelujah”? 🙌

Decoupling From Mainstream Markets

“This is insane, BTC is detaching right before our eyes,” tweeted crypto analyst Cory Bates, probably while sipping a latte and watching the chaos unfold. Meanwhile, Ryan Rasmussen from Bitwise shared a delightful chart showing how tech giants like Google, Amazon, and Meta are all down by double digits. Apple, bless its heart, took the worst hit, plummeting almost 16%. Even gold, the supposed safe haven, crumbled by 3%. Talk about a dramatic exit! 🎭

Crypto influencer Kyle Chassé posed a burning question on X, asking if BTC could actually benefit from the ongoing trade war drama. One user responded with the enthusiasm of a kid in a candy store, “Bitcoin is the only asset to be in right now.” Well, that’s one way to put it! 🍭

Meanwhile, former BitMEX CEO Arthur Hayes cheekily suggested that crypto holders should “learn to love tariffs.” Because nothing says “I love you” like a good ol’ trade war, right? Earlier, he predicted that Trump’s new trade policy could force central banks to start printing money, which could be a blessing for Bitcoin. Who knew tariffs could be so romantic? 💕

BTC to $100K?

Bitcoin’s recent performance has sparked a glimmer of hope. Popular chartist MacroScope revisited a theory about a possible “handoff,” where BTC diverges positively from gold and broader market risks. It’s like watching a soap opera unfold, and we haven’t seen this drama since 2019! 📺

“BTC positive divergence from gold and risk in past 24 hours is striking. Haven’t seen it to this extent in a long time,” wrote the analyst, probably while clutching their crystal ball.

In their previous post, they dubbed it the “gold leads, BTC eventually follows” relationship. This has been true at key moments in the past, especially from 2019 to 2020, when gold rallied first, and Bitcoin exploded by a whopping 344%. Talk about a glow-up! 💥

“A reclaim of 100k would imply a ‘handoff’ from gold to BTC,” said MacroScope, opening the door to a potential period of “huge outperformance” by Bitcoin over other assets. Sounds like a party I want to crash! 🎉

However, not everyone is convinced. “Don’t be ultra greedy on crypto this weekend,” warned Master Kenobi, pointing to a possible “rug pull” happening at the start of next week. Because what’s a weekend without a little drama? 😱

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2025-04-05 19:58