Oh, look! Bitcoin‘s BFF, BlackRock IBIT, is getting cozy with the Nasdaq at a 70% correlation. History suggests a breakup is imminent, and it’s never pretty. 📉💔
Bitcoin (BTC) and the Nasdaq are practically holding hands now, and every time they’ve done this dance before, BTC ended up taking a 20% dive. Thanks for the memories, Matrixport! 🙄📊
📊Today’s #Matrixport Daily Chart – March 25 2025 🔽
Bitcoin-Nasdaq Correlation Hits Extreme: Divergence Likely Ahead
#cryptocurrency #BTCETF #Matrixport #BTC #Trump #market #trading #Bitcoin #MarketTrends
— Matrixport Official (@Matrixport_EN) March 25, 2025
In a recent X post, Matrixport spilled the tea on why Bitcoin and the Nasdaq are so chummy lately. Earnings repricing and global economic uncertainty are the usual suspects. Shocking, I know. 🙄
“This correlation reflects the recent repricing of earnings expectations ahead of Q1 earnings season, along with ongoing uncertainty and the negative overhang from tariff discussions. As a result, Bitcoin is trading in line with the tech sector.”
Matrixport
But don’t worry, Matrixport says these love affairs never last. High correlations are like a summer fling – fun while it lasts, but eventually, someone gets their heart broken. 💔
Bitcoin might be ready to dump the Nasdaq, but who knows when the big break will happen? Stay tuned for the juicy details! 🍿
In other news, Bitcoin ETFs are back in the spotlight, and BTC is strutting its stuff above the $85,000 support level. Analysts are predicting a hot new trend, but let’s see if Bitcoin can keep it together this time. 🌟
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2025-03-25 14:27