Why Bitcoin ‘decoupling’ from stocks is a big deal in crypto – DL News
- Bitcoin is up in the past week while the Nasdaq dropped.
- Advocates are celebrating that Bitcoin has “decoupled.”
- “It’s obviously a ridiculously small time frame,” said Eric Balchunas, Bloomberg ETF expert.
Tech stocks and Bitcoin — is the correlation over?
While equities have been getting walloped this week as Donald Trump’s erratic policies spook investors, Bitcoin’s price has remained relatively even.
The top cryptocurrency is up 7% in the past week, and actually rose during a rout on Monday that saw steep declines in the Nasdaq and S&P 500 indexes.
On Tuesday, Bitcoin continued recouping its losses from ‘Liberation Day,’ rising 3.3% to $90,750. Meanwhile, traditional assets shuddered and the dollar is sinking.
