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Bitcoin has recently shown signs of decoupling from traditional equities, sparking debates about whether it’s becoming a ‘safe haven’ like gold. Analysts remain cautious, noting it’s too early to confirm if this trend will hold. The cryptocurrency surged 7% amid USD weakness and geopolitical tensions.
- Bitcoin surged 7% amid USD weakness and geopolitical tensions, while the S&P 500 and Nasdaq fell 3%.
- Analysts note Bitcoin's 30-day correlation with the S&P 500 dropped to 0.65, but USD instability may be the primary driver.
- Coinbase Institutional suggests Bitcoin's resilience could reflect shifting investor perceptions, but long-term decoupling remains unconfirmed.
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