Bitcoin Rises as Gold Crosses $3500 For the First Time Ever

Bitcoin Breaks Away from Stocks

Over the weekend, a lot changed in global markets, but Bitcoin stayed strong, even when stocks didn’t. As of April 21, Bitcoin is trading near 87,000, climbing while US tech stocks and the US Dollar took a hit.

The reason? China has warned that it will retaliate against any country that sides with the US in trade deals that hurt Chinese interests. That’s big. It basically means countries now have to pick a side, the US or China, when it comes to business and trade.

Source | CNBC

This kind of global uncertainty usually scares investors. But while the stock market took a nosedive, Bitcoin surged. Gold Crosses $3500 per ounce for the first time ever, making history.

Dollar Falls, Bitcoin Rises

The US Dollar Index (DXY) fell to a new 52-week low, sliding below 99. That’s a big sign that global investors are losing confidence in the dollar.

When that happens, they look for alternatives.

  • Some go to gold.
  • Increasingly, they go to Bitcoin.

As seen in the chart, Bitcoin and the Dollar have started to move in opposite directions. That’s important, it means Bitcoin is being treated more like gold now, and less like a risky tech stock.

Tech Stocks Hit Hard – But Bitcoin Shines

Tech stocks were hammered. Nvidia (NVDA) alone dropped 15% in just one week. Other “Mag 7” stocks are down over 10%. And when tech crashes, the rest of the market suffers.

The S&P 500 has lost over $2.5 trillion in market cap since the April 9 “tariff pause.” Investors are clearly nervous. Japan, for example, just said they won’t keep giving in to US tariff demands.

Meanwhile, Bitcoin didn’t flinch.

The Fed Drama Continues

US President Trump continues to publicly pressure the Fed to cut interest rates. But Fed Chair Jerome Powell says he’s “not in a hurry.” According to Kalshi, there’s now an 85% chance the Fed won’t cut rates in May.

This disagreement isn’t helping markets either.

In fact, after Trump mocked Powell by calling him “Mr. Too Late” on social media, the S&P 500 lost another $750 billion, in a single morning.

But again, Bitcoin held strong.

Is Bitcoin Becoming a Safe Haven?

That’s what traders are starting to believe.

QCP Capital, a major trading firm, says that Bitcoin is now acting more like a hedge, something investors buy to protect themselves from market chaos. In the past, gold had that role. Now, Bitcoin is stepping into the spotlight too.

QCP also mentioned that ETF flows are turning positive again. Last week, US spot Bitcoin ETFs saw $13.4 million in net inflows, a big turnaround from the previous week’s $708 million in outflows.

That shows institutional investors are coming back.

Robert Kiyosaki’s Bold Prediction

Robert Kiyosaki, the author of Rich Dad Poor Dad, is doubling down on Bitcoin.

He believes the US dollar is “being wiped out”, and that Bitcoin could hit 180k or even 200,000 by the end of the year. His view? This market crash was predictable, and he says those who hold Bitcoin will be the ones who survive what he calls a “planned disaster.”

Kiyosaki also says he’s buying more Bitcoin, especially after news that the US might consider adding BTC to its strategic reserves.

Final Thoughts

The world is at a turning point:

  • The US–China trade war is back.
  • The Fed is frozen.
  • Stocks are struggling.
  • The dollar is falling.

But through all this noise, Bitcoin is standing tall, quietly reminding everyone why it was created in the first place, to be independent, scarce, and global.

Whether it’s Gold Crosses $3500, political drama, or falling tech stocks, Bitcoin is starting to prove itself as a modern-day safe haven.

This is not financial advice. Always do your own research before investing.

Explore more on blog.millionero.com, and if you’re ready to trade Bitcoin, check out Millionero’s spot exchange and perpetual trading platform.

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