Bitcoin has reached $86,800, reflecting a 2.3% increase in just 24 hours, despite the decline in traditional markets. This resilience suggests a potential shift in perception as Bitcoin could be considered a safe-haven asset, particularly amid weaknesses in the stock market and the U.S. dollar. Major indexes like the S&P 500 and Nasdaq have seen declines of about 3.3% while Bitcoin outperformed. Analysts from QCP Capital highlighted the importance of observing the correlation between Bitcoin, gold, and equities, pointing out that Bitcoin’s stability, especially with a high VIX, indicates a maturing market amid growing fiat currency stress. Concerns also loom as former President Donald Trump pressures Federal Reserve Chair Jerome Powell to lower interest rates, which could further destabilize the stock market. Overall, the juxtaposition of Bitcoin's strength against the backdrop of traditional financial market stress signals a noteworthy evolution in investor sentiment towards cryptocurrency.

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