The triple kill of stocks, bonds, and currencies has investors urgently seeking a "safe haven," with Bitcoin strongly reclaiming the $90,000 mark!

According to the Zhitong Finance APP, in the context of recent fluctuations in the US stock market, massive sell-offs of US Treasury bonds, and a continuously weakening dollar, investors have flocked to the cryptocurrency market for two consecutive days. Bitcoin has recovered the $90,000 mark for the first time since March.

As of the time of writing, the latest price of Bitcoin is approximately $93,405.44, with an increase of about 3%, and a cumulative increase of over 6% over the two days. Earlier, its price surged to $93,955, reaching a new high since March 6, and has rebounded over 20% from the April low.

The significant rise in Bitcoin this week coincided with another wave of sell-offs in the US stock market on Monday, leading to a triple hit on stocks, bonds, and currencies. Trump has intensified pressure on Federal Reserve Chairman Jerome Powell, demanding an immediate interest rate cut, while the Trump administration is exploring whether it can legally dismiss Powell before his term ends in May 2026. However, by Tuesday, the stock market had largely recovered most of the losses from the previous trading day.

On Monday, the inflow of funds into US exchange-traded funds (ETFs) tracking Bitcoin's spot price reached $381.4 million, marking the largest single-day inflow since January 30 (when the inflow was $588.2 million) and the fourth occurrence of net inflows in the past five trading days.

Earlier this month, Bitcoin was highly susceptible to market fluctuations caused by tariffs, but over the past week or so, it has gradually decoupled from risk assets. As of Tuesday, Bitcoin's increase in April has exceeded 10%, surpassing the 8% increase in gold during the same period, while both the S&P 500 index and the dollar index have each declined by 5% this month.

Ed Engel, an analyst at Compass Point, noted in a report on Tuesday: "Bitcoin continues to demonstrate resilience. Historically, during macroeconomic sell-offs, Bitcoin's correlation with the stock market is usually close to 1.0, but currently, its 30-day correlation with the S&P 500 index is only 0.65."

He added: "While we are optimistic about Bitcoin's recent decoupling from risk assets, it is important to note that this rise is accompanied by low trading volume. This raises doubts about its ability to break through the $93,000 resistance level without significant catalysts such as a Federal Reserve interest rate cut or a tariff agreement. However, long-term holders of Bitcoin remain steadfast, and as Bitcoin's liquidity decreases, the buying volume from large holders has increased... These factors are expected to continue supporting Bitcoin's resilience amid fluctuations in the stock and bond markets."

Katie Stockton, a chart analyst at Fairlead Strategies, stated that $88,000 is a key resistance level for Bitcoin. She believes that once this level is successfully breached, it will be a positive signal for Bitcoin's short-term trend, with the next resistance level around $95,900