WS #14903
Bitcoin has surged past $85,000, with prediction markets showing high confidence in it remaining above $82,000 and $80,000 levels. This strength persists despite broader macro uncertainties, including geopolitical tensions and tech credit risks. The asset is demonstrating resilience, potentially benefiting from its narrative as a non-sovereign store of value or liquidity proxy, though its correlation with risk assets remains a key variable to monitor if equity markets sell off sharply.
Bitcoin Momentum
Bitcoin has surged past $85,000, with prediction markets showing high confidence in it remaining above $82,000 and $80,000 levels. This strength persists despite broader macro uncertainties, including geopolitical tensions and tech credit risks. The asset is demonstrating resilience, potentially benefiting from its narrative as a non-sovereign store of value or liquidity proxy, though its correlation with risk assets remains a key variable to monitor if equity markets sell off sharply.