Bitcoin outperforms tech stocks as US market opens to sea of green

The US stock market has opened to a sea of green on seemingly minor news. While President Trump’s call to Vladamir Putin to end the war in Ukraine could be seen as a potential ease to global tensions, the market appears to be responding primarily to a lack of trade war advancements.

Markets love certainty and direction, with tariff volatility coming out of the US, Europe, and Canada; this Friday, traders seem optimistic that a reprieve is coming.

The DXY dropped just 0.08% moments ago, which is correlated with Bitcoin’s decline of almost 1%. However, Bitcoin has held firm over the last day, outperforming the US market.

Against a weakening US dollar, down 0.12% over the past 12 hours, Bitcoin’s relative strength is accentuated by a roughly 2% gain. It is significantly surpassing the Nasdaq, which is up 0.61% over the same timeframe.

Yet Bitcoin remains range-bound, with prices fluctuating within a channel between $79,000 and $84,000.

Bitcoin, DXY, QQQ (source: TradingView)
Bitcoin, DXY, QQQ (source: TradingView)

Tech equities broadly rallied at the market open, led by Palantir Technologies (PLTR), which gained 6.32%, and NVIDIA (NVDA), which went up 3.33%. Yet Bitcoin-linked investment vehicles, including the iShares Bitcoin Trust ETF (IBIT), showed a parallel upward trajectory, reflecting broader investor interest in digital assets.

Bitcoin’s positive divergence amid a mixed economic backdrop, characterized by modest dollar weakness and tech equity strength, indicates sustained market demand.

The post Bitcoin outperforms tech stocks as US market opens to sea of green appeared first on CryptoSlate.

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