Bitcoin Finally Decoupling from Stocks, But It's Bad News for Bulls

In the meantime, U.S. equities are greatly outperforming cryptocurrencies in what appears to be an unpleasant turnaround for cryptocurrency bulls.

The S&P 500 index is up 1.9%. The tech-heavy Nasdaq index increased 2.2%, extending its bullish streak. Big names such as Amazon, Microsoft and Meta Platforms, are leading the rally. The Dow Jones Industrial Average also jumped sharply higher, adding more than 500 points. Stocks rallied higher on Monday thanks to impressive earnings. Investment bank stocks outperformed expectations, with Goldman Sachs surging roughly 4%.

The strong correlation between U.S. stocks and crypto has been the dominant narrative of the past year. Bitcoin has been trading practically in tandem with the Nasdaq index, which is why crypto investors now closely follow macro data in order to navigate the market.

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Bitcoin, Ethereum Technical Analysis: BTC Back Above $19,000 to Start the Week – Market Updates Bitcoin NewsBitcoin started the week trading above $19,000, as bulls made a sluggish return to the token following recent sell-offs. Why is everybody silent on this? Airdrop Don't be late 🤯 Why dont they want us to know this
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