The post ETF Anticipation Fuels Bitcoin’s Decoupling from Nasdaq appeared first on Coinpedia Fintech News
Bitcoin has recently detached from the Nasdaq, ending a four-year trend of moving in equally with the tech-heavy equity index and now Bitcoin is currently trading at $46,826. This unexpected shift has left the crypto industry buzzing with excitement and speculation.
In this article, we will delve into the reason behind this decoupling, its implications for the future of Bitcoin and the broader crypto market.
Decoupling of Nasdaq and Bitcoin
Now, the disconnection between Bitcoin and Nasdaq is based on several factors. One of the primary reasons is the growing anticipation and hopes for approval of the spot Bitcoin ETF by the SEC. Since October, the crypto market has been fixated on expectations that the Securities and Exchange Commission (SEC) will approve nearly a dozen spot ETF applications by January 10. This outcome could potentially pave the way for the widespread adoption
We współpracy z: https://coinpedia.org/news/bitcoin-breaks-free-from-nasdaq-etf-speculation-sparks-decoupling/
