Odaily Planet Daily News: After plummeting 6% on Thursday, the Nasdaq index fell 5% again on Friday, but the price of Bitcoin has remained at around $83000, outperforming cryptocurrency related stocks such as Coinbase and Strategy.
David Hernandez, a cryptocurrency investment expert at 21Shares, a digital asset management company, said that Bitcoin has shown impressive resilience, quickly rebounding after briefly falling below $82000, consolidating its position as a hedge tool during periods of macroeconomic pressure. If this decoupling continues, it may indicate that BTC will become increasingly favored by institutional investors seeking to avoid volatile stock markets. (CoinDesk)