"Bitcoin Outperformed Nasdaq… BTC/Nasdaq Ratio Hits Highest Since January"

Son Min

Summary

It was reported that Bitcoin showed strong performance compared to Nasdaq, with the BTC/Nasdaq ratio hitting the highest since January.
It was stated that Bitcoin is showing strength compared to Nasdaq despite macroeconomic uncertainties.
Bitcoin has only fallen by 6% since the beginning of the year, while Nasdaq has fallen by 15%.

The BTC/Nasdaq ratio, which represents the price of Bitcoin (BTC) relative to the U.S. Nasdaq index, has reached its highest level since January. Despite macroeconomic uncertainties, Bitcoin is interpreted to be performing more positively than Nasdaq.

According to CoinDesk on the 22nd (local time), the current BTC/Nasdaq ratio is 4.96, marking the highest level since January. This figure is close to the all-time high of 5.08 recorded in January when Bitcoin hit its all-time high, suggesting that Bitcoin is showing strength compared to Nasdaq despite recent uncertainties.

The media stated, "Bitcoin shows superior performance in both rises and falls compared to Nasdaq as it goes through bullish cycles," and explained, "Since the beginning of the year, Bitcoin has only fallen by 6%, while Nasdaq has fallen by about 15%."

Meanwhile, companies holding Bitcoin also showed relative strength in declines. Strategy rose by 6% compared to the beginning of the year, but the technology-focused ETF QQQ fell by about 15%.

BTC