Bitcoin's price has rallied close to $95,000, marking its first positive performance for the year after a significant drop. The cryptocurrency erased a previous decline of 18%, showing a year-to-date gain of less than 1.5%, while gold has increased by 24%. Bitcoin demonstrates a strong positive correlation of 0.70 with gold, diverging from tech stocks, which are trending downward. Economic uncertainty, partly due to President Trump's heightened tariffs on Chinese imports, is influencing market behaviors, driving more investors towards Bitcoin as a safe haven, akin to gold. As retailers warn of potential supply chain issues reminiscent of the COVID-19 era, Bitcoin is increasingly being positioned within the narrative of digital gold, securing investor interest.

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