- Bitcoin disconnected US shares and followed Gold’s ‘Safe Haven’ Rally
- Trump fed by Trump can be partly responsible for the flight of investors of US Dollar Activa
Bitcoin [BTC] Last week reconcupied from US shares and maintained the trend earlier this week. In fact, the cryptocurrency has been redeemed by 5%in the past five trading days. It then tapped $ 90k during the early morning trade session on Tuesday.
In the same period, the S&P 500 index (Spy) fell by 5%, while the technology-heavy Nasdaq dropped by 6%.
Source: Google Finance
A big decoupling?
Well, this has not always been the case since BTC had continued with US shares since February as a risk-to-active.
According to the BTC Pearson Correlation (30 -day) indicator, the positive correlation of the crypto with US shares was reinforced from the end of February.
Source: The Block
From April 15, however, BTC was disconnected from the S&P 500 and the Nasdaq composite. Afterwards it correlated positively with gold, which suggests that it started to behave as a ‘risk-off assets’ or ‘Safe Haven’ from mid-April.
In fact in a recent CNBC interviewMarket analyst and fund strat Cio Tom Lee said,
“BTC is going to overtake gold. The ATH was more than $ 100k. There is room to catch up with as a non-Dollar Activum.”
He noted that the recent de-delivery of US Dollar-based assets (sale) was over and could encourage BTC in the future.
Bitcoin’s decoupling trend of US shares is remarkable for the research of Galaxy Digital Alex Thorn. He warned That it would not take.
The ongoing sale in the US dollar and US shares is driven by continuous threats by President Donald Trump to dismiss FED chairman Jerome Powell because he is “too late” to lower interest rates.
Most analysts regard Trump’s movement as an infringement of the independence of the FED. This has dented trust and has fueled a massive investor output from American markets to gold, BTC and other markets.
Gold hit a new highest point of $ 3.5k per ounce and BTC pumped harder. So far in 2025 Bitcoin has left behind Behind gold and throws more than 35% of its value. Whether the renewed ‘Safe Haven’ trade it will tap to get lost terrain back against gold, to be seen.
Source: BTC/Gold, TradingView