Bitcoin no longer trades like a tech stock, new data shows

Representative cryptocurrency assets, Bitcoin (BTC) has shown a tendency to be decoupled from price movements in the broader financial markets. as observed Bitcoin has a low correlation with several major assets, including tech stocks, according to market analyst Martun.

Bitcoin ETF flows and on-chain metrics

Notably, Bitcoin is no longer subject to tech sector risks and is no longer pegged to gold, which is a hedge against inflation. Rather, cryptocurrencies are driven by their own internal factors, such as the flow of exchange-traded funds (ETFs) in the market.

Other factors influencing Bitcoin’s price outlook include miner behavior, on-chain supply dynamics, liquidity conditions, and overall distribution. In previous market cycles, Bitcoin has shown correlations with other assets such as gold and the Nasdaq.

To be clear, correlation measures how closely the prices of two assets move together. If the correlation is high, they will rise and fall at the same time. Therefore, when tech stocks rise, Bitcoin, like gold, will reflect this rise.

However, in the current scenario, Bitcoin remains independent and its correlation with the Nasdaq is “nearly zero,” indicating Bitcoin’s decoupling from tech stocks. of assets Correlation with gold is on the negative axis, which suggests that Bitcoin is no longer functioning like a classic store of value.

Many financial experts always recommend investing in Bitcoin as a store of value and a hedge against inflation. Robert Kiyosaki, author of “Rich Dad, Poor Dad,” is one of the leading voices advocating investing in cryptocurrencies, a major cryptocurrency along with gold and silver.

However, as U.Today points out: Kiyosaki appears to be boycotting Bitcoin. Considering he had been in an uneasy silence for some time. It is unclear whether the author and entrepreneur has lost confidence in his assets or whether his silence is a kind of hibernation.

Does Bitcoin decoupling signal market maturity?

Analysts note that if Bitcoin shows a negative correlation with the Nasdaq, it could be a sign that Bitcoin’s price is nearing its bottom. This suggests that Bitcoin is gearing up for a bullish rally and could remain at high prices until 2026.

At the time of writing, Bitcoin replaced It traded at $87,444.88, representing an increase of 0.27% in the past 24 hours.

The asset’s attempt to move up to the $88,000 price range was rejected at $87,956.88. This may be due to the low volume in the market. Trading volume for the same period decreased by 34.38% to $21.54 billion.

Nevertheless, Bitcoin’s decoupling from other assets could be a sign of bullish maturation in the long term. It will become clear over time Rebound could push coin up to October 2025 levels.