Bitcoin Surges 8.31% to $95,000, Outpacing U.S. Stock Market

On the night of April 25th, Bitcoin surged past the $95,000 mark, reaching a new high since February 24th. This significant rise in Bitcoin's value has led to substantial unrealized gains for companies with large Bitcoin holdings. Strategy, the publicly traded company with the largest Bitcoin holdings, saw an unrealized gain of $488 million this month alone. The cryptocurrency market experienced a wave of liquidations, with over 138,000 people worldwide affected in the past 24 hours, resulting in a total liquidation amount of $343 million.

This recent Bitcoin rally stands out from previous trends. Historically, Bitcoin and the U.S. stock market have moved in tandem, but recent weeks have seen a divergence. The U.S. stock market has been volatile due to tariff-related concerns, with the S&P 500 falling by 3.66% in the past month. In contrast, Bitcoin has shown strong momentum, with a monthly gain of 8.31%. This divergence suggests a shift in market sentiment, where Bitcoin is increasingly seen as a safe haven asset rather than a risk asset.

Adding to the market's speculative frenzy, the meme coin "TRUMP," issued by Donald Trump, surged by 65% due to a "dine together" marketing event. This surge highlights the speculative nature of the cryptocurrency market, where sudden events can lead to significant price movements.

BiyaPay, the world's first multi-asset trading wallet, has demonstrated its unique value during this volatile period. It enables instant exchange between 30 fiat currencies and 200 cryptocurrencies, allowing users to directly participate in the U.S. stock market by exchanging USDT 1:1 for USD with zero fees for spot/contract trading. This feature has made BiyaPay a valuable tool for traders navigating the complex and rapidly changing cryptocurrency landscape.