The NASDAQ fell 3% yesterday as China’s AI low-cost model DeepSeek sent shockwaves throughout the industry. This triggered a sharp sell-off among US chipmakers. Bitcoin’s (BTC), the leading cryptocurrency, also fell to $97,777 but has recovered the majority of the losses and is now trading at a price above $100,000.
Bitcoin Holdings Solid Despite NASDAQ Shock
Bitcoin’s resiliency amid the stock market sell-off is ‘extremely bullish’, says Andre Dragosch is Bitwise’s European head of research. The report stated that NASDAQ has been outperforming the digital asset over the last two days, and currently shows limited downside risks.
BTC, which was trading at $97.777 yesterday, has gained almost $5,000. In contrast, the S&P 500 closed yesterday’s last trading session down 1.5%.
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Investor sentiments are another indication of the decoupling. According to the ‘Fear & Greed Index’, the stock market currently sits at 44/100, indicating lingering fear among investors after yesterday’s market downturn.
In contrast, the Index for crypto assets is reading 72/100. It suggests a mood of greed. It could be that this indicates the crypto market is falling behind the stock markets and the market may continue to decline while stock markets seek stability.
Keith Alan shared the following information: post X, he viewed BTC’s temporary slump as a buying opportunity for dips. He added to his BTC positions. Alan noted:
The wick at $97.750 is not enough to shake confidence in the Bitcoin bull market, but you should be reminded that there will most likely be a significant correction when overhyped markets develop.
Rekt capital is a seasoned analyst and trader of crypto currencies. shared Bitcoin Price Trends: What is it? “still relatively early” BTC is currently in the parabolic phase of this cycle’s market. This phase, historically, has averaged 300 days, with BTC currently on day 82.
BTC Top Still Not Available?
BTC has reached an all-time (ATH), new record high, of $108,786. However, some analysts do not believe that the crypto is yet at its peak. Stockmoney Lizards has calculated that BTC’s cycle top could be $400,000 in November 2025.
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A further rally for BTC seems plausible, as ‘whales’ have started Having accumulated the crypto since Donald Trump’s inauguration. Other projections BTC’s peak may be as high as $249,000 in the Trump Administration.
BTC can reach $1.5million on the longer term. according Metcalfe’s law. BTC was trading at $102,758 as of press time. This is up by 1.1% over the last 24 hours.
The featured image is from Unsplash and the charts are from X.com.
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Source: www.newsbtc.com
