Bitcoin Decoupling And ETFs – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

After a year of strongly correlated moves with the S&P 500 Index corrections, in the last few days bitcoin has shown the beginnings of a long-awaited decoupling point during an increasingly uncertain macro environment. Over the last few weeks, bitcoin has rallied 34.86% while gold, the S&P 500 and the market-weighted index of the U.S. Treasury debt with remaining maturities of 20 years or more (TLT) were all in negative territory.

Although one data point doesn’t give us statistical evidence that this narrative is now the new normal, every critic in the market will be watching today, as bitcoin shows life as an asset that can gain momentum when there’s growing concerns and volatility in the markets.

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