Bitcoin’s price continued its upward trajectory today, rising $3,735 (4.42%), at the time of writing, to reach $88,300, seemingly driven by strong institutional buying and renewed momentum in alternative assets. The surge comes as gold breaks above $3,400 per ounce for the first time, currently trading at $3,431.10, underscoring a broader trend of investors seeking safe-haven assets.

Since April 2, Bitcoin’s performance has also outpaced the Nasdaq, showcasing growing divergence between traditional equities and digital assets.

One of the day’s key developments came from Strategy ($MSTR), formerly known as MicroStrategy, in which Chairman Michael Saylor announced the purchase of…

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