In a surprising decision, Bitcoin took a different course while it was moving away from the trends in American actions this week. This could be a sign that the formerly strong link between crypto and actions can disappear. Gold has already started to move independently and define records. He notably established 12 new daily records this year. Will Bitcoin prove to be the next asset to stand out alone? It remains to be seen.
Does Bitcoin change its course?
Bitcoin is often a “disguised technological stock”. Although it is often linked to the Nasdaq 100, its recent decision suggests the opposite. Ishares Bitcoin Trust of BlackRock (Ibit), for example, which is only negotiated during American market hours, in fact increased by 0.46% on Wednesday while Nasdaq 100 fell by more than 3%, reaching one of its worst days of all time. These movements indicate that Bitcoin begins to act independently of traditional markets.
In addition, the strategy also increased by 0.30% while all the “Magnificent Seven” found themselves red during the day. During Powell’s speech also, Bitcoin and Nasdaq fell at the same time, however, even if the Nasdaq continued to fall, Bitcoin rebounded over $ 84,000. Although Powell’s Bellician comments on inflation and the increase in prices have surprised the markets, Bitcoin did not react as much to bad news as traditional markets.
The markets were particularly disrupted when Powell was asked if the Fed would rescue during the big stock market decrees, to which Powell responded “no”.
Although the Fed can intervene to help the stock market during the main bumps, acting as a safety net, however, Bitcoin being an active carrier, lacking such support. It remains to be seen if Powell was serious or simply tried to minimize market expectations.
Bitcoin – A long -term autonomous asset?
Dylan Bane at Messari, Crypto data research cabinet suggests that Bitcoin and Crypto will probably be linked to American actions due to the reactions of the policy to policy changes and prices. However, in the long term, he notes that the current prices could stimulate economic changes, helping Bitcoin to move away from traditional assets and to gain recognition as an independent value store.
Analysts estimate that Bitcoin could follow Gold’s advance and reach $ 155,000 even if it is still lagging behind in 2025. Crypto trader cryptollica identifies strong similarities in their price models and predicts a break soon. Glassnode also pointed out that the two active ingredients have remarkably resistant, the current macroeconomic storm.
Glassnode also notes that bitcoin and gold gain soil as global neutral reserve agents, with BTC down 30% below its ATH, which is a modest drop by standards.
