Bitcoin Surges 3.84% to $90,000, Decoupling from Tech Stocks Amid Dollar Weakness and New SEC Leadership

Bitcoin has surged past the $90,000 mark for the first time in 45 days, driven by strong inflows into Bitcoin exchange-traded funds (ETFs) and a noticeable decoupling from U.S. tech stocks. The cryptocurrency reached an intraday high of $89,867 before climbing to $90,743, marking a 3.84% increase on the day. This decoupling is highlighted by Bitcoin’s performance against a backdrop of declining Nasdaq indices and a weakening U.S. dollar. Analysts suggest that this movement indicates Bitcoin is beginning to trade more like gold, a traditional safe-haven asset, rather than following the trends of tech stocks. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant