Bitcoin’s current market surge is intrinsically tied to Nasdaq performance, potentially exposing it to significant corrections during stock market retreats, economist Henrik Zeberg has stated.
Though trading above $110,000, Bitcoin exhibits strong correlation with high-growth technology stocks on the Nasdaq. This linkage creates heightened sensitivity: any sustained downturn in the tech index could trigger a collapse in the cryptocurrency’s upward trajectory, according to Zeberg.
The economist cautioned investors about Bitcoin’s susceptibility to these correlated market movements. He emphasized that its rally remains heavily dependent on the Nasdaq’s stability, urging market participants to factor in this vulnerability when assessing risk exposure.