Odaily News The Nasdaq index fell another 5% during trading on Friday, following a 6% plunge on Thursday, but the price of Bitcoin has remained around $83,000, outperforming crypto-related stocks such as Coinbase and Strategy.
David Hernandez, crypto investment expert at digital asset management company 21Shares, said that Bitcoin has shown impressive resilience, rebounding quickly after a brief drop below $82,000, consolidating its position as a hedge tool during periods of macroeconomic stress. If this decoupling continues, it may indicate that BTC will become increasingly popular among institutional investors seeking to escape the turbulent stock market. (CoinDesk)