PANews reported on April 5th that according to CoinDesk, after the Nasdaq index plummeted 6% on Thursday, it dropped another 5% during Friday's trading session. However, Bitcoin's price remained stable around $83,000, outperforming crypto-related stocks such as Coinbase and Strategy. Since former President Trump announced the tariff plan on Wednesday night, Bitcoin has only declined by 3.5%. David Hernandez, a crypto investment expert at digital asset management firm 21Shares, stated that Bitcoin has demonstrated impressive resilience, solidifying its position as a hedging tool during macroeconomic stress. If this decoupling continues, it may signal that BTC will increasingly attract institutional investors seeking to avoid volatile stock markets.
21Shares: If Bitcoin continues to decouple from Nasdaq, it may be favored by institutional investors avoiding US stocks
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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