Bitcoin has surged above $87,400 as of April 21, marking its highest price since late March. The asset has gained over $3,000 from an intraday low of just above $84,000 on April 20, representing a 16% increase since its 2025 low of nearly $75,000 on April 9. Analysts note that Bitcoin's movement indicates a breakout from a prolonged consolidation phase, coinciding with downward trends in tech futures and the US dollar. The Kobeissi Letter remarked on a narrative alignment between gold hitting all-time highs and Bitcoin's resurgence, both indicating potential uncertainty ahead with a weakening US dollar. The US dollar index has declined 10% this year amid rising global trade tensions. Observers like Geiger Capital have pointed out the decoupling of Bitcoin from tech stocks, emphasizing its upward trend as distinct from broader market movements.

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