Bitcoin has maintained a significant degree of correlation with the stock market for quite some time now. But what happens if it loses...
If you were concerned that Bitcoin will align itself with the stock market in case of a recession, here’s some good news.has maintained a significant degree of correlation with the stock market for quite some time now. But what happens if it loses this correlation and how will it impact BTC’s price action?
While this trend did prevail for some time, recent observations indicate that a decoupling might be taking place.up until recently. However, BTC’s bearish performance this month underscores growing divergence as the NASDAQ continues to soar on the charts.While some may see Bitcoin’s decoupling from its correlation with the NASDAQ as a bad thing, it may turn out to be the opposite. Recession fears recently reached new peaks, raising the risk of a major stock market crash.
The end of the correlation may also promote the idea that Bitcoin is maturing as a distinct asset. This may further support the flight to safety narrative – An outcome that would align with the shifting dynamics observed recently in the market.
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