🔵 What is the NAS100?
The NAS100 is an index that groups together the 100 largest American technology companies, such as Apple, Tesla, Nvidia, Google, and Microsoft.
When the technology sector progresses, the NAS100 index tends to rise. In the case of pressure or decline in this sector, the index falls.
🔥 What is its link with Bitcoin?
The NAS100 sometimes moves in the same direction as Bitcoin, as both react to similar factors:
• Risk appetite: when investors are optimistic, they increase their exposure to both technologies and Bitcoin.
• The Fed's monetary policy: a rise in rates generally weighs on both markets, while a decrease benefits them.
• The profile of investors: some actors invest simultaneously in both asset classes.
💡 Why follow it?
The NAS100 often reflects the mood of the global market.
• When the index is trending upward, it indicates a favorable momentum that can support Bitcoin.
• In case of weakness, liquidity decreases, and the cryptocurrency market may be impacted.
In summary:
The NAS100 acts as a barometer of investor sentiment. Following it allows for an early reading of potential movements in Bitcoin.$BTC
