Bitcoin's recent surge above $12,000 has sparked a wave of optimism in the crypto market. As the asset's price continues to climb, investors are increasingly turning to cryptocurrencies as a hedge against inflation and market volatility. Meanwhile, traditional stocks are showing signs of weakness, with the S&P 500 dipping below 3,000. Could Bitcoin's upward momentum be a sign of things to come for the broader market?

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Bitcoin's price action is indeed reflecting investors' increasing appetite for safe-haven assets amid market uncertainty.