Bitcoin tests fresh decoupling trade as tech correlation drops to 2018 lows

BTC price is vastly outperforming the tech-heavy Nasdaq index amid the US–Iran war, but its risks of crashing toward $51,000 persist.

Bitcoin (BTC) broke its longstanding correlation with tech stocks as the US–Iran war dragged into its third week.

Key takeaways:

Bitcoin is outperforming tech stocks amid the US–Iran war, indicating its growing demand as a geopolitical hedge.

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