Bitcoin has reached a price of over $88,000, marking a significant increase while diverging from its typical correlation with stock markets. As tensions rise globally with trade disputes, Bitcoin's price resilience appears informed by its appeal as a hedge against economic uncertainty, akin to gold, which has also set new highs. The divergence from equities is noteworthy as stock markets, including the S&P 500 and Nasdaq, face a downturn attributed to the ongoing trade war worries. Analysts suggest that institutional interest in Bitcoin may be rekindling, with recent data showing a shift in spot Bitcoin ETF flows that indicate a return of confidence. The combination of a declining US dollar and favorable market conditions could further bolster Bitcoin's role as a safe haven. This uptrend may provide Bitcoin with the momentum needed to attract more institutional investors in the wake of volatility in traditional asset classes.

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