On April 24, 2025, Bitcoin's status as a safe haven in turbulent financial markets came into focus amid increased investor interest. As other cryptocurrencies experienced a decline of 3.75%, Bitcoin only saw a 2% drop, indicating its relative strength. The market turmoil was sparked by profit-taking and mixed signals from the Trump administration about the ongoing trade war with China, leading to fluctuating Bitcoin prices that peaked near $95,000 before settling at $92,200. Traders are increasingly favoring Bitcoin, as reflected in a Binance futures contract tracking its dominance, which shows a significant premium, suggesting expectations for Bitcoin’s continued edge over altcoins. Additionally, options trading data indicates a bullish outlook for Bitcoin hitting $110,000 by June, yet shows caution with short-term bets. Institutional traders are positioning for a future growth in Bitcoin, reflecting strong demand, while the overall market remains sensitive to news from U.S. policy developments.

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