21Shares: If BTC continues to decouple from Nasdaq, it may be favored by institutional investors avoiding US stocks

Odaily Planet News - After the Nasdaq index plummeted 6% on Thursday, it fell another 5% during Friday's trading session. However, the Bitcoin price remained stable around $83,000, outperforming cryptocurrency-related stocks such as Coinbase and Strategy. David Hernandez, a crypto investment expert at digital asset management company 21Shares, stated that Bitcoin demonstrated impressive resilience, quickly rebounding after briefly dropping below $82,000 and solidifying its position as a hedging tool during macroeconomic pressure. If this decoupling continues, it may indicate that BTC will increasingly attract institutional investors seeking to avoid volatile stock markets. (CoinDesk)