[Analysis] "Bitcoin (BTC) Shows Signs of Decoupling from Global Stock Markets... A New Bull Market Signal?"
Summary
- It was analyzed that Bitcoin is showing signs of moving independently, exhibiting a decoupling phenomenon from global stock markets.
- Sentiment stated that if Bitcoin outperforms the S&P500 index and shows independent movement, a strong bull market can be expected.
- It was reported that if Bitcoin maintains its upward trend independently of the stock market flow, it could potentially reach a new all-time high.
Bitcoin (BTC) is showing signs of potentially resuming its decoupling from global stock markets, according to an analysis.
On the 7th, cryptocurrency data analysis firm Sentiment stated on X (formerly Twitter) that "since Trump was elected as the President of the United States, the correlation between cryptocurrencies and the stock market has remained at a significantly high level over the past two months." However, they also analyzed that "Bitcoin is showing signs of moving independently, not following the global stock market trends this year."
Sentiment noted, "Today, Bitcoin has started to outperform the S&P500 index," adding, "Historically, the cryptocurrency market has shown the strongest bull markets when the correlation with the stock market is low or nonexistent. If Bitcoin maintains its upward trend independently of the S&P500 movements, it could potentially reach a new all-time high."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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