1 month ago
Bitcoin (BTC) is connected the cusp of breaking retired comparative to the Nasdaq 100 Composite, with the existent BTC/Nasdaq ratio sitting astatine 4.96. This means it present takes astir 5 Nasdaq units to lucifer the worth of 1 bitcoin. The erstwhile grounds of 5.08 was acceptable successful January 2025, erstwhile bitcoin deed its all-time precocious of implicit $109,000.
Historically, each marketplace rhythm has seen the ratio scope caller highs—2017, 2021, and present 2025—highlighting bitcoin’s continued outperformance against the Nasdaq.
Across aggregate timeframes, bitcoin is progressively diverging from U.S. tech stocks. Year-to-date, bitcoin is down conscionable 6%, compared to the Nasdaq’s 15% decline. Since Donald Trump’s predetermination triumph successful November 2024, bitcoin has rallied 30%, portion the Nasdaq has fallen 12%.
When measured against the "Magnificent Seven" mega-cap tech stocks, bitcoin remains astir 20% beneath its all-time precocious from February this year. This indicates that portion bitcoin has shown strength, the apical tech names are holding up amended than the broader Nasdaq Composite.
Strategy (MSTR), a well-known proxy for bitcoin exposure, is besides holding up amended than the U.S tech stocks. Since joining the QQQ ETF connected Dec. 23, MSTR is down 11%, portion the ETF itself has dropped implicit 16%. The divergence has go much pronounced successful 2025: MSTR is up 6% year-to-date, compared to QQQ’s 15% decline.
English (US) 