## Is Bitcoin Ditching the Stock Market? Correlation Weakens Recent market activity suggests a weakening correlation between Bitcoin (BTC) and the US stock market, particularly the Nasdaq. A CoinDesk report highlighted this divergence, noting that BlackRock's IBIT Bitcoin spot ETF actually rose by 0.46% on a day when the Nasdaq plunged by 4.5%. Furthermore, while both BTC and US stocks initially reacted negatively to Jerome Powell's speech, Bitcoin demonstrated greater resilience. It quickly rebounded to $84,000, whereas the Nasdaq's recovery was more sluggish, only bouncing back after reaching its daily low. This behavior sparks debate. Is Bitcoin maturing as an asset, reacting more to its own fundamentals (adoption, halving cycles, etc.) rather than macro events impacting traditional markets? Or is this just a temporary blip in a generally correlated relationship? Time will tell, but these recent movements are definitely worth watching for investors. ```