$INIT$Trump$ARDR Bitcoin Breaks Free from the Trend of Correlation with Tech Stocks?
Since the low on April 7 (USD 74,500 per coin), Bitcoin has rebounded more than 40%. Compared to the broader market, this is a strong rebound. In the process, Bitcoin's trading performance has begun to resemble that of gold— which has emerged as the standout asset amid tariff uncertainties disrupting the market.
There are optimistic views suggesting that Bitcoin has broken free from the long-standing trend of correlating with U.S. tech stocks. Alex Svanevik, CEO of crypto intelligence platform Nansen, pointed out that Bitcoin has decoupled from traditional stock markets. Unlike altcoins and major indices such as the S&P 500 and Nasdaq, Bitcoin has remained relatively stable despite global trade tensions.
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