According to Zhitong Finance APP, in the recent turmoil of the financial markets, Bitcoin is gradually breaking away from its long-standing correlation with technology stocks. While the Nasdaq 100 index has seen significant declines for two consecutive days, this pioneering global cryptocurrency has risen against the trend, showing a completely different trajectory from traditional risk assets.
Since the COVID-19 pandemic in 2020, Bitcoin has maintained a high positive correlation with the Nasdaq 100, often rising and falling in sync with tech stocks. However, as of this Friday, Bitcoin's price has risen approximately 1% against the trend, hovering around $83,300; meanwhile, the Nasdaq 100 has experienced significant declines for the second consecutive trading day, with market sentiment remaining low due to the new round of trade tariffs announced by the Trump administration.
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&#34;We believe that Trump's aggressive trade measures have accelerated the market's reassessment of Bitcoin's long-term value in investment portfolios,&#34; pointed out Augustine Fan, partner and CFO of SignalPlus. &#34;The global order is being reset, which poses a shock to the mid-term position of the U.S. as a global capital center.&#34;
Bitcoin was born out of the 2008 financial crisis, with the original intention of escaping the traditional financial system and providing an alternative currency not controlled by governments and central banks. Therefore, many supporters have always believed that Bitcoin has the function of &#34;store of value,&#34; making it the &#34;gold&#34; of the digital age.
However, in recent years, Bitcoin's actual trading behavior has resembled that of a high-volatility, high-risk asset, closely linked to the performance of U.S. stocks. Nevertheless, the current divergence in the performance of Bitcoin and tech stocks has reignited market interest in its potential as a safe haven.
Unlike the large multinational companies in the Nasdaq 100, Bitcoin and other cryptocurrencies do not fall under &#34;trade goods&#34; and are not affected by international tariffs. This structural advantage allows it to briefly detach from the downward pressure of traditional risk assets amid the escalating global trade war.
Bohan Jiang, head of over-the-counter options trading at Abra, stated, &#34;Bitcoin is not within the crossfire of this global trade war, and coupled with the current U.S. policies effectively promoting 'de-dollarization,' I believe that volatility in the crypto asset space may be relatively suppressed in the coming period, even lower than that of other traditional assets.&#34;
If global geopolitical turmoil continues and trade protectionism resurges, while the dollar's hegemonic status is challenged, then Bitcoin, as a decentralized, non-sovereign asset, is likely to see its role in global investment portfolios re-priced

GBTC

In the recent turmoil of the financial markets, Bitcoin has gradually detached itself from its correlation with tech stocks, rising approximately 1% against the trend to reach $83,300. Analysts point out that the new trade tariff policy of the Trump administration has prompted the market to reassess Bitcoin's safe-haven potential. As an alternative currency not controlled by the government, Bitcoin has shown a different trend from traditional risk assets due to its immunity to international tariffs, attracting the attention of investors

"Decoupling" from U.S. stock trends? Analysts: The market is refocusing on Bitcoin's hedging potential