Interesting what’s happening in the market right now. I’m observing a strange correlation: while tech stocks and gold are falling, I see Bitcoin becoming more closely intertwined with the Nasdaq. That’s actually quite new for this season.

The crypto markets currently seem a bit weak, and it appears to be directly related to traditional safe-haven assets like gold falling. When gold drops and major tech names also decline, Bitcoin simply follows suit downward. It used to be different — Bitcoin often moved independently.

What surprises me: this positive correlation with the Nasdaq suggests that crypto is increasingly being treated like a technology asset. No longer as a separate market, but as part of the tech story. And when gold falls and risk appetite decreases, everyone suffers.

Let’s see how long this lasts. It could become interesting if it reverses.