📊 MARKET UPDATE:
Nasdaq chip stocks are trading lower in the premarket, pressured by the Meta compute narrative, while crypto markets are showing strength — with $BTC holding near $60K and $LINK gaining over 3%.
For the past three years, crypto has often been viewed as leveraged Nasdaq beta. But today’s price action suggests that correlation may be starting to break.
A shift like this, if sustained, could mark an important change in market structure.
#btc #NASDAQ #USADP98KMiss Follow @asgharcryptoupdates
Nasdaq chip stocks are trading lower in the premarket, pressured by the Meta compute narrative, while crypto markets are showing strength — with $BTC holding near $60K and $LINK gaining over 3%.
For the past three years, crypto has often been viewed as leveraged Nasdaq beta. But today’s price action suggests that correlation may be starting to break.
A shift like this, if sustained, could mark an important change in market structure.
#btc #NASDAQ #USADP98KMiss Follow @asgharcryptoupdates