Bitcoin acting "less Nasdaq" and more like gold, despite 60% recession odds

Bitcoin is decoupling from the US stock market and starting to trade more like precious metals, in another signal of Bitcoin’s growing role as a safe-haven asset against global economic disruption. Bitcoin’s (BTC) price is showcasing its growing maturity as a global asset, becoming “less Nasdaq — more gold” over the past two weeks, according to Alex Svanevik, co-founder and CEO of the Nansen crypto intelligence platform. Bitcoin staged a 12% recovery in the two weeks leading up to April 22, despite ongoing tariff escalation between the world’s largest trading nations. The US increased reciprocal tariffs on China to 125% as of April 9, while China raised import tariffs from 84% to 125% effective April 12 source: https://cointelegraph.com/news/bitcoin-decouples-from-stocks-gains-safe-haven-status?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound