Bitcoin tests fresh decoupling trade as tech correlation drops to 2018 lows
BTC price is vastly outperforming the tech-heavy Nasdaq index amid the US–Iran war, but its risks of crashing toward $51,000 persist.
Bitcoin (BTC) broke its longstanding correlation with tech stocks as the US–Iran war dragged into its third week.
Key takeaways:
Bitcoin is outperforming tech stocks amid the US–Iran war, indicating its growing demand as a geopolitical hedge.