According to Jinshi, Bitcoin has led a rebound in risk assets, poised to post its largest weekly gain since Trump won the U.S. presidential election. As investors digest the impact of Trump's trade war, the tech-heavy Nasdaq 100 index has risen by about 5%, but Bitcoin has surged by about 12% since last week, breaking above $95,000 for the first time since early March. Jake Ostrovski, a trader at cryptocurrency market-making firm Wintermute, stated: "Despite continual turbulence, the implied correlation within cryptocurrencies remains high." "Thus, even though the overall market has improved, it's evident that macroeconomic and geopolitical forces are still the main drivers of capital flow."