Bitcoin continues to decouple from tech stocks, breaks $90,000
Bitcoin’s is decoupling from risk assets, crossing $90,000 for the first time since March 6. Tariff mayhem, President Trump’s push for Fed Chair Jerome Powell to step down, and extreme market volatility are contributing to the asset’s ascent.
“With US equities slipping back to tariff-era lows and the dollar plunging to a three-year nadir, bitcoin’s ability to post gains is reshaping investor perception,” Tracy Jin, COO of MEXC, said, adding that the tandem rally with gold is particularly notable — a signal that the crypto asset may finally be earning a seat at the table of traditional safe-haven assets.
Bitcoin up big yest when stocks down, showing negative correlation to stocks past week or so, better than treasuries (which are unreliable once again), altho gold is in league of own (-98). Obv a ridic small time frame but gotta get get these small wins if it ever wants to be… pic.twitter.com/JydPKuDRNA
— Eric Balchunas (@EricBalchunas) April 22, 2025