Bitcoin is staging a rebellion against traditional markets, gaining more than 2% while the S&P 500 and Nasdaq dropped nearly 6% in a single day.<\/p>\n
As Trump\u2019s tariffs caused chaos, over $3.2 trillion was wiped out from stocks, yet crypto added $5.4 billion in market cap. Now traders are asking; is BTC finally breaking free from Wall Street\u2019s grip?<\/p>\n
\u201cThis is insane, BTC is detaching right before our eyes,\u201d tweeted<\/a> crypto analyst Cory Bates, reacting to data showing the biggest stock market indexes in the red, with Bitcoin up 2%.<\/p>\n In a post<\/a> on X, Ryan Rasmussen, head of research at Bitwise, showed the performances of several major tech stocks since Trump\u2019s so-called \u201cLiberation Day.\u201d<\/p>\n The likes of Google, Amazon, and Meta were all down by double figures, with Apple the worst-hit, plunging almost 16% in that period. Even gold, the classic safe haven, crumbled 3%, leaving Bitcoin as the last asset standing.<\/p>\n Crypto influencer Kyle Chass\u00e9 posed a question on X, asking whether BTC could benefit from the ongoing trade war drama, to which a user emphatically responded, \u201cBitcoin is the only asset to be in right now.\u201d<\/p>\n Meanwhile, former BitMEX CEO Arthur Hayes cheekily suggested that holders of the cryptocurrency need to \u201clearn to love tariffs\u201d as it showed signs of dissociating with traditional financial markets. Earlier, he had predicted<\/a> that Trump\u2019s new trade policy could force central banks to start printing money, which could be good for Bitcoin.<\/p>\n Bitcoin\u2019s recent performance relative to Wall Street has led to some measure of optimism. Popular chartist MacroScope revisited<\/a> a theory they had shared earlier of a possible \u201chandoff,\u201d where BTC diverges positively from gold and broader market risks, a trend not seen since 2019.<\/p>\n \u201cBTC positive divergence from gold and risk in past 24 hours is striking. Haven\u2019t seen it to this extent in a long time,\u201d wrote the analyst.<\/p>\n In their previous post, they called it the \u201cgold leads, BTC eventually follows\u201d relationship. This has held true at a few key inflection points in past years, especially from 2019 to 2020, when gold rallied first, and\u00a0Bitcoin exploded soon after by a whopping 344%.<\/p>\n \u201cA reclaim of 100k would imply a \u2018handoff\u2019 from gold to BTC,\u201d said MacroScope. This, in their opinion, would open the door to a period of \u201chuge outperformance\u201d by Bitcoin over other assets.<\/p>\n However, not everyone is convinced. \u201cDon\u2019t be ultra greedy on crypto this weekend,\u201d warned<\/a> Master Kenobi, pointing to a possible \u201crug pull\u201d happening at the start of next week.<\/p>\n The post Bitcoin Defies Global Market Meltdown: Is $100K Back on the Table?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin is staging a rebellion against traditional markets, gaining more than 2% while the S&P 500 and Nasdaq dropped nearly 6% in a single day. As Trump\u2019s tariffs caused chaos, over $3.2 trillion was wiped out from stocks, yet crypto added $5.4 billion in market cap. Now traders are asking; is BTC finally breaking free […]<\/p>\n","protected":false},"author":0,"featured_media":57049,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-57048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57048"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57048"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57048\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/57049"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}BTC to $100K?<\/h2>\n