#MarketRebound
.
.
Bitcoin breaks its historical correlation with Nasdaq and mimics gold: Has the golden age of cryptocurrency begun?
Bitcoin breaks its historical correlation with Nasdaq and mimics gold: Has the golden age of cryptocurrency begun?
Bitcoin (BTC) has witnessed a strong surge in recent weeks, indicating a notable shift in its performance as an investment asset. This shift is not only about achieving significant gains but also includes breaking the historical correlation with American technology stocks such as the Nasdaq index, now aligning with the behavior of gold as a safe haven amid uncertainty in global markets.
### Detachment from Nasdaq: The Beginning of a New Era?
Bitcoin recorded its highest rise since early March, recovering by 20% after reaching its lows on April 7. This rebound fuels hopes that the cryptocurrency may finally be liberating itself from the pattern that historically linked it to American technology stocks.
Amid a decline in American stocks due to tariffs and troubled economic policies, it seems that Bitcoin is taking a new path aligned with gold, which is currently considered the most attractive asset for investors amid global anxiety. This detachment from American assets – .
Capable
tariqalabasi
👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👐👍👍👍👍👍👍👍👍👍...