Bitcoin's early gains fade fast as prices fall back below $91,000

Group 1 - Bitcoin has retreated toward $90,000 after trading above $92,000 during the Asian session, influenced by tensions between Federal Reserve Chairman Jerome Powell and President Donald Trump [1] - Bitcoin is currently trading more like a levered technology stock rather than a neutral reserve hard asset, as indicated by its price action [3] - The Invesco QQQ ETF, linked to the Nasdaq 100, is down 1% in pre-market trading, reflecting broader market trends affecting Bitcoin [3] Group 2 - Traditional safe haven assets, gold and silver, are reaching new all-time highs, with gold trading near $4,600 per ounce and silver up over 5% at over $84 per ounce [2] - Gold and silver are now the first and second largest assets globally by market capitalization, valued at approximately $32 trillion and $4.7 trillion respectively [2] Group 3 - Strategy (MSTR) is slightly up as markets await confirmation of another Bitcoin purchase, indicating potential activity linked to its share sales program [4] - The perpetual preferred equity called Stretch (STRC) continues to trade at par, around $100, in pre-market trading [4]