[Daily News Brief] Bitcoin Returns $90,000: Investors Seek Crypto Safe-House, Sets Monthly High

Bitcoin has experienced a significant rebound in recent financial markets, regaining the $90,000 mark for the first time since early March. This gain reflects an increasing number of investors choosing to turn their funds to cryptocurrencies amid the turbulence of stock markets and weakening of the dollar. Bitcoin’s price has risen by more than 7% in the last two days, with a high of $91,555.18 at one point, the highest level in more than a month. Bitcoin’s value has rebounded by 22% compared to its April lows, suggesting that investor confidence in the cryptocurrency is recovering amid wider market instability. This Bitcoin recovery coincides with a significant sell-off in the U.S. stock market, partly due to pressure from former President Donald Trump on Fed Chairman Jerome Powell to lower interest rates. As investors adjust to these uncertainties, inflows of Bitcoin-based exchange-traded funds (ETFs) surged, with $381.4 million entering the market on Monday alone, the largest single-day inflow since January. Compass Point analyst Ed Engel commented: “Bitcoin continues to show resilience”, highlighting its decoupling from traditional risky assets that have historically often impacted the price of Bitcoin. Despite the strong performance of Bitcoin, there are still voices of doubt in the wider cryptocurrency market. Financial expert Dave Ramsey advised a caller to sell his cryptocurrency holdings to repay debts, emphasizing the extreme volatility of cryptocurrencies. This view highlights the opposition between retail investors’ enthusiasm for cryptocurrencies and a conservative view that emphasizes financial prudence. While Bitcoin continues to grow, regulatory pressures are also increasing in the cryptocurrency sector, especially in Europe. The European Central Bank (ECB) expressed concerns about the US's aggressive promotion of cryptocurrencies, believing that it could undermine Europe's financial system. The ECB is advocating the amendment to the Crypto Asset Market Supervision Act (MiCA) to provide more robust protection for EU cryptocurrencies. Looking ahead, Bitcoin’s growth potential, volatility in traditional markets, and an evolving regulatory environment will collectively impact the future of cryptocurrencies. Investors and relevant stakeholders will closely monitor these developments to assess their long-term impact on the financial ecosystem. Meanwhile, Upexi, as a consumer goods company, announced plans to raise $100 million, mainly to accumulate Solana (SOL), a rapidly growing blockchain platform. The move reflects an increasing number of companies diversifying their investment strategies by incorporating digital currencies into their portfolios. Upexi's move echoes companies such as MicroStrategy and GameStop, which are also adding cryptocurrencies to their balance sheets as investment vehicles and trading assets. With encryption