Odaily Planet Daily News: The Nasdaq index fell another 5% during Friday's intraday trading after a 6% plunge on Thursday, but the price of Bitcoin has remained around $83,000, outperforming crypto-related stocks such as Coinbase and Strategy.
David Hernandez, a crypto investment expert at digital asset management company 21Shares, said that Bitcoin has shown impressive resilience and quickly rebounded after a brief drop below $82,000, consolidating its position as a hedging tool during periods of macroeconomic stress. If this decoupling continues, it may indicate that BTC will become increasingly popular with institutional investors seeking to avoid turbulent stock markets. (CoinDesk)