After a frustrating several weeks where Bitcoin (BTC) prices (BTC) seem to be moving for Tik with Nasdaq, the world’s largest crypto shows some signs of going its own way as stock prices are from fighting to fall.
Following the NASDAQ was its 6% collapse on Thursday with another 5% decline in the day on Friday, the price of Bitcoin held nearly $ 83,000. That’s about 1% higher in the past 24 hours and less by just 3.5% since President Trump announced his tariff package on Wednesday night.
Bitcoin is extremely unnoticed by crypto -related stock such as Coinbase (coin), microstrategy (MSTR), semler scientific (SMLR) and miners, all of which have dropped a double percentage percentage in the past two sessions.
The broader crypto market also shines strength, along with the CoinDesk 20 index to climb higher, led by 4% -5% XRP acquisitions, Solana’s Sol and Cardano’s ADA.
“Bitcoin has shown wonderful elastic,” said David Hernandez, crypto investment specialist in digital asset manager 21shares. “After a brief sink below $ 82,000, it quickly rebounded, strengthening its status as a macro hedge at times of macroeconomic stress.”
Degeneration – if it continues – can be well -versed for the BTC’s appeal to institutional investors looking for shelter from trembling stock markets, Hernandez added.
Geoff Kendrick, head of the Standard Chartered Bank’s Digital Asset Research, argued last week Bitcoin Trading like a tech stock Most of the time but can feature as a panic fence in the market, such as the crisis in the US 2023 US region.
However, new strength may be caused by companies with BTC investment programs such as Michael Saylor’s approach or Gamestop, Says Sean Farrel, head of digital assets at the Fundstrat.
“It’s still in the camp because of the multibillion-dollar corporate treasury twap that is happening,” Farrell posted to X on Friday. “But if we maintain this strength on the weekend, we will need to visit the priors again.”
