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🇺🇸 CNBC: Bitcoin Has Clearly Decoupled from the Nasdaq
CNBC has officially reported that Bitcoin is now moving independently of the Nasdaq — marking a major shift in the market dynamic.
According to the April 22, 2025 broadcast, Bitcoin’s price behavior is no longer tightly correlated with traditional equities. Historically, the correlation between Bitcoin and the Nasdaq stood at 0.805, as noted by Kevin Davitt from Nasdaq. But now, that link is breaking down.
While the Nasdaq is down 12% and fears of a broader bear market loom, Bitcoin is holding strong — defying Peter Schiff’s prediction from March 2025 that a 40% Nasdaq drop would send BTC crashing to $20K.
This divergence is fueling the narrative of Bitcoin as “digital gold.”
Bitcoin’s resilience, alongside growing ETF interest and a 6% rise in gold during April, signals its emergence as a standalone asset class.
Even skeptics like Mike Novogratz may have to reconsider: Bitcoin isn’t just following — it’s leading.