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Wall Street Ends April on a Volatile Note, Bitcoin's Safe Haven Status Debated

April's wild ride on Wall Street leaves investors uncertain. Bitcoin's surge fuels safe haven debate, but trade wars and recession fears loom.

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In this picture, we see the coin in gold and brown color. We see some text written as "The United...
In this picture, we see the coin in gold and brown color. We see some text written as "The United States Of America". It might be a money coin. In the background, it is brown in color and it looks like a carpet.

Wall Street Ends April on a Volatile Note, Bitcoin's Safe Haven Status Debated

Wall Street stocks concluded April with minor losses despite historic volatility. Bitcoin's value surged by 15%, reigniting debate about its potential as a safe investment haven. Meanwhile, market sentiment remained uncertain due to President Trump's global trade war and economic worries.

April saw significant fluctuations in US equity markets. Bitcoin's value surge boosted shares associated with cryptocurrency, while concerns about a recession grew following the US GDP's March quarter contraction. Despite a strong second quarter, many crypto equities, including miners, faced losses due to profitability drops and potential hardware cost increases.

Cantor Equity Partners' shares nearly doubled as a Bitcoin vehicle linked to industry heavyweights was rumoured. Upexi's stock price soared by almost 400% after announcing plans to raise $100 million for Solana token acquisition. MicroStrategy reported the largest monthly profits, with Bitcoin gains totalling $3.9 billion. Galaxy Digital Holdings' shares climbed over 40% due to Nasdaq listing permission and increased artificial intelligence computing business from CoreWeave.

Market participants await more clarity on Trump's trade policy and corporate America's growth forecasts. Despite April's volatility, Bitcoin's potential as an investment safe haven remains a topic of discussion. As the market seeks stability, investors continue to monitor economic indicators and corporate developments.

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