Risk-on assets have recovered as investor confidence rises due to lower expectations on U.S. Trade tariffs. MicroStrategy reported it now holds over 506,137 Bitcoin, valued at approximately 44.2 billion USD.
Bitcoin is increasingly seen as a tech asset due to its strong correlation with tech stocks. Analysts suggest that investors should consider treating Bitcoin similarly to traditional tech equities.
Public Bitcoin mining companies have experienced share price boosts, reflecting a broader market optimism. Favorable macroeconomic indicators are also driving positive momentum in the crypto and tech sectors.