Bitcoin (BTC) rallied above $41,000 on Feb. 28 in a new sign of buying sentiment returning after last week's brutal selloff across the risk-on markets, including the S&P 500.BTC's price jumped by over 9% to reach $41,300, in part, as traders reacted to the ongoing development in the Russia-Ukraine crisis. In doing so, the cryptocurrency briefly broke its correlation with the U.S. stock market indexes to perform more like safe-haven gold, whose price also went higher in early trading on Feb. 28.BTC/USD versus XAUUSD and S&P 500 daily price chart. Source: TradingViewBTC/USD daily price chart. Source: Johal Miles, TradingViewBTC/USD daily price chart featuring Wycoff model. Source: TradingViewSPX daily price chart ft. MACD indicator. Source: TradingViewContinue Reading on Coin Telegraph