Crypto slides as tech stocks and gold retreat; bitcoin-Nasdaq correlation turns positive

In a notable shift within the financial markets, cryptocurrencies experienced a decline as both technology stocks and gold prices retreated from recent highs. As this downturn unfolded, a significant development emerged: the correlation between Bitcoin and the Nasdaq index turned positive, indicating a growing alignment in their price movements. This change suggests that the performance of Bitcoin may increasingly be influenced by trends in the tech sector, potentially reflecting a broader sentiment in the market that intertwines traditional technology assets with digital currencies. source: https://www.coindesk.com/markets/2026/02/17/crypto-slides-as-tech-stocks-and-gold-retreat-bitcoin-nasdaq-correlation-turns-positive