Bitcoin’s correlation with the Nasdaq 100 surged to +0.70, defying claims of a separation between digital currencies and equities. This trend emerges as analysts raise concerns over potential recessionary pressures. For Bitcoin to maintain its upward trajectory, it must stay above the critical level of $91,000.

This re-establishing link between Bitcoin and stock performance indicates that market sentiments remain intertwined. Investors should watch this relationship closely, as shifts could significantly impact trading strategies in both asset classes. The current narrative emphasizes Bitcoin’s resilience and its ability to adapt amid economic uncertainty.