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Gate Square New & Returning Creator Rewards are ongoing!
Your ideas may be more valuable than you think!
Make your first post or come back post to share a $20,000 monthly prize pool!
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Bitcoin is currently on its own path
The price of Bitcoin still #البيتكوين ( is experiencing a correction after dropping nearly 36%.
Meanwhile, the S&P 500 and Nasdaq indices are approaching their all-time highs.
Notably, the correlation between them has diminished. The correlation of #BTC with stocks has fallen to its lowest level this year.
Throughout most of this cycle, Bitcoin trading resembled high-volatility tech stock trading, strengthened by ETFs, financial institutions, and Treasury bond buyers. But this recent divergence indicates something else.
Bitcoin is not "lagging" behind stocks; it is in a phase of stabilization according to its own rules.
Whether Bitcoin eventually catches up with stocks or continues to detach from them, it reminds us that Bitcoin is not just another alternative to stocks.
A different origin. Different behavior. Different timing.
) #Bitcoin
#FOMCWatch #BTCVSGOLD
$ADA
$BTC