Bitcoin looks to have emerged from a bear market after outperforming both a rebound in US stocks and gold last week, in a sign that strategists believe bolsters its safe-haven appeal as it decouples from traditional risk assets.
The world’s largest cryptocurrency surged 12 per cent to above $US95,000 – its biggest weekly increase since just after Donald Trump won the US presidential election in November. That was nearly double the Nasdaq’s gain of 6.7 per cent and compares with a dip in the gold price.
