U.S. stocks hit new highs, but Bitcoin plunged! Have Wall Street and the crypto world finally "broken up"?

Last night’s financial markets resembled a blockbuster drama.
On one side, U.S. stocks were celebrating wildly.
On the other side, Bitcoin was grim and gloomy.
Nasdaq, S&P, and the Dow all hit record highs, with Nvidia soaring over 6%, reigniting market enthusiasm for AI concepts.
However, on the other side, Bitcoin suddenly dropped below $71,000, with a nearly 4% pullback in 24 hours, causing many long investors to wake up and find their accounts shrinking faster than their alarms.
The question is.
Why is the stock market celebrating while the crypto world is taking a hit?
The core reason may lie in a shift in capital preferences.
When market risk appetite rises, funds tend to flow into assets with more certainty.
AI leaders have real performance backing, while the current crypto market relies more on sentiment.
So, capital begins to shift phase-wise.
But does this mean the bull market is over?
Not necessarily.
Historically, Bitcoin often experiences quick corrections of about 10% during big rallies.
What truly matters is not the decline itself, but whether key support levels can hold.
For the market, this is more like a stress test.
If the bulls hold their ground, the pullback might just be a shakeout.
If they lose critical levels, short-term volatility could intensify.
So, the question is, if you held both Nvidia and BTC, last night would you be happy or heartbroken? #英伟达大涨6%创历史新高