
Bitcoin Shockingly Outperforms Nasdaq 100
The crypto market has witnessed a series of unprecedented events in the past few days. In a stunning turn of events, Bitcoin’s price has defied expectations by outperforming the Nasdaq-100 index. This unexpected move has left many analysts stunned and scrambling to reevaluate their predictions.
As reported earlier today, gold prices have also plummeted, further exacerbating the market’s volatility. The usually uncorrelated asset class is demonstrating a remarkable correlation with stocks, leaving investors in disarray.
In addition, some of the lesser-known cryptocurrencies have made significant gains. XRP and SOL are up by over 5% each, as Bitcoin appears to be having a profound influence on their performance. This has sparked concerns that a crypto market bubble is forming.
However, it’s worth noting that Strategy(MSTR) shares have also seen an increase of 2.5%, despite the severe decline in major stock indices.
Source: https://u.today/bitcoin-shockingly-outperforms-nasdaq-100