#BTCvsMarkets BTCvsMarkets Bitcoin is the 'cleanest shirt in the dirty laundry' — Bitfinex

Bitcoin has risen 7.68% in the last 30 days, while the S&P 500 and Nasdaq have fallen 6.79% and 8.14% respectively.

Bitcoin has shown resilience compared to the broader financial market amid macroeconomic uncertainty, but analysts warn that it is still early to know if the trend will last.

'We haven’t gotten there yet, but if Bitcoin maintains strength during the next CPI, as well as the ongoing volatility related to Powell and corporate earnings, the decoupling narrative could evolve from 'temporary divergence' to 'regime shift',' analysts at Bitfinex said in a market note dated April 23, viewed by Cointelegraph.

Bitcoin's relative strength is not yet confirmed as structural

Analysts said that while Bitcoin's relative strength

BTC

R$ 529.611

against U.S. stocks 'seems real,' it has not yet been confirmed as structural. They warned that Bitcoin has had short periods of superior performance before, only to end up reverting to the general market line.

Cointelegraph recently reported that Bitcoin is increasingly distancing itself from correlation with stocks to mimic the appreciation of gold. At the time of publication, the price of Bitcoin had shown gains of 7.68% in the last 30 days. Meanwhile, the S&P 500 and Nasdaq fell 6.79% and 8.14%, respectively, according to Google Finance data.

During the same period, Nvidia (NVDA), which has outperformed Bitcoin over the last decade, fell 15.4%. Analysts attributed the decline to the 'effective ban on the export of advanced chips to China and the volatility generated by tariffs.' In May 2024, Swan Bitcoin CEO Cory Klippsten said that there are