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2025-04-23 00:02:57

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✍️ Bitwise Asset Management's Weekly Crypto Market Compass highlights Bitcoin's outperformance, attributing it to growing structural divergence from risk assets and a weakening US dollar.
👉 US Dollar Index has slid below 98.5
👉 Bitcoin's statistical profile has become defensive
👉 Month-to-date gains of over 7%
👉 Long-term holders are holding onto their Bitcoin
👉 Derivatives markets indicate strong conviction among long-term holders

#JeromePowell #KevinHassett #DonaldTrump #UnitedStates #SoutheastAsia #Ethiopia #Norway #Bhutan #technology

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bitcoinist.com (nprofile…le2g)

Bitwise Asset Management’s Weekly Crypto Market Compass – opens with a stark assessment: “With political pressure mounting on Powell and the dollar falling, Bitcoin’s outperformance reflects growing structural divergence from risk assets.” That single line distils the essence of the cryptocurrency’s run over the last few days, hitting $88,800 today—its highest print since early March—and […]
https://bitcoinist.com/why-is-bitcoin-up-today-bitwise-answers/

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