Bitcoin closely followed the V-shaped recovery of the Nasdaq during the U.S. trading session, reinforcing how the digital asset closely tracks the dynamics of growth stocks. After an intraday dip driven by geopolitical volatility and rising oil prices, buyers stepped in and pushed BTC toward $70k. The synchronization between Bitcoin's V-shaped move and the Nasdaq is no coincidence — both respond to the same liquidity shifts and risk appetite.

What’s catching attention now is Bitcoin’s dominance, which rose to 57.12% of the total crypto market. This signals that capital is concentrating in the main assets, leaving altcoins aside. But here’s the important detail: despite the price recovery, sentiment indicators remain in Extreme Fear. It’s a curious divergence — prices have risen, but market psychology remains fragile. Historically, when we see this disconnect, volatility tends to stay elevated.

Oil prices and inflation expectations continue to be the key factors behind this volatility. For Bitcoin, this creates a mixed scenario: inflation concerns can support the narrative of a store of value in the long term, but in the short term, tightening financial conditions pressure risk assets. The recovery we’re seeing is tactical, not a full trend reversal.

What to watch moving forward: if the Nasdaq continues higher, Bitcoin has a chance to test larger breakouts. The resistance at $70k was important, but with BTC already at $77.84K, the next level matters. Additionally, any further increase in dominance could indicate defensive consolidation. The real key is whether stock market stability holds — because when stocks take a deep breath, Bitcoin breathes with them.