NEW YORK / LONDON (IT BOLTWISE) – Despite the recent decoupling from US exchanges, Bitcoin remains vulnerable to negative market movements. While the Nasdaq remains near its highs, Bitcoin is showing an asymmetric response to market changes. This dynamic could be crucial for traders.
Today’s daily deals at Amazon! ˗ˋˏ$ˎˊ˗
Bitcoin has established itself as a highly volatile risk asset in recent years, often reflecting sentiment on Wall Street. In particular, the positive correlation with the Nasdaq 100 and NVIDIA has been strong in the past. But in recent weeks this pattern has changed. While US indices remain near record highs, Bitcoin has decoupled on the upside but continues to show weaknesses during periods of increased market volatility.
This asymmetric response suggests that the positive correlation may have faded while the negative correlation remains. This is an important insight for Bitcoin traders who rely on market movements on Wall Street. Despite the decoupling from the bullish moves, Bitcoin remains sensitive to sell-offs, especially when the Nasdaq suffers setbacks.
A look at Bitcoin’s correlation table shows that its relationship with major US indices such as the S&P 500, Nasdaq 100 and NVIDIA has fallen to almost zero in the last 20 days. This could suggest that Bitcoin and cryptocurrencies in general are ignoring Wall Street rallies but still falling with markets during times of heightened uncertainty.
Nasdaq 100 futures technical analysis shows that a bearish reversal pattern has formed, which could be a warning signal for Bitcoin traders. If sentiment on Wall Street deteriorates further, Bitcoin could also suffer. Bitcoin technical analysis shows that prices have fallen sharply from their record high and are now near the 200-day EMA. A break below this level could result in further losses.
Order an Amazon credit card without an annual fee with a credit limit of 2,000 euros!
Bestseller No. 1 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 2 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 3 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 4 ᵃ⤻ᶻ «KI Gadgets»
Bestseller No. 5 ᵃ⤻ᶻ “KI Gadgets”
Please send any additions and information to the editorial team by email to de-info[at]it-boltwise.de. Since we cannot rule out AI hallucinations, which rarely occur with AI-generated news and content, we ask you to contact us via email and inform us in the event of false statements or misinformation. Please don’t forget to include the article headline in the email: “Bitcoin remains vulnerable to Wall Street selling”.
The post Bitcoin remains vulnerable to Wall Street selling appeared first on Veritas News.
