Bitcoin, gold shine as US Dollar sinks – Is crypto finally breaking free from stocks?
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Bitcoin has decoupled from U.S. stocks, rallying by 5% while the S&P 500 and Nasdaq fell by 5% and 6%, respectively. This shift aligns Bitcoin with gold as a 'safe haven' asset, influenced by investor flight from U.S. dollar assets amid political tensions. Analysts suggest Bitcoin could catch up to gold, but caution that this decoupling may not be permanent. Gold reached a new high of $3.5k per ounce, while Bitcoin's future performance remains uncertain as it has lost over 35% of its value this year.
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