The negative correlation between Bitcoin and Nasdaq 100 continues to persist.

Negative Correlation Between Bitcoin and Nasdaq 100

Bitcoin continues its long-term negative correlation with Nasdaq 100. This situation parallels periods like July 2021, September 2023, and August 2024, which mark significant dip points for Bitcoin.

According to recent data, Bitcoin has lost 27% of its value since its peak in October. On the other hand, Nasdaq 100 is only 2% below its highest levels in history. This situation reveals a clear divergence between the two assets, and historically, these divergences have preceded recoveries in Bitcoin prices.