Bitcoin Rises to $90K for the First Time Since Early March
Bitcoin (BTC) surged to $90,000 for the first time since March 7, adding more than 5% in the past five days as the paths of the largest cryptocurrency and traditional equities diverge.
In comparison, the S&P 500 was trading above 5,700 points on March 7 and has since slipped below 5,200.
Despite the recent bounce, bitcoin remains down more than 5% year to date. It has, however, recovered significantly from its April 8 low, when it was down nearly 20% on the year.
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