Bitcoin Breakout
Bitcoin appears to have regained the momentum it lost in January – surging back above $94K just weeks after brushing a 2025 low of $75K.
Bitcoin appears to have regained the momentum it lost in January – surging back above $94K just weeks after brushing a 2025 low of $75K. Despite US equities (and all other US assets, frankly) breathing a sigh of relief this week after Trump relinquished the worst of his tariff brinkmanship, BTC had held firm even before that.
The subsequent crypto-rally comes amid signs that Bitcoin appears to have broken free from the strong correlation with US equities that had shaped its price action in recent months.
Our in-house view of 2025 began with several reasons that crypto was uniquely poised to detach from the harsh macro backdrop driving the rest of the market. In particular, we set out three factors that could drive crypto assets: