Crypto: Bitcoin Price Climbs 3% As Gold Divergence Signals ‘significant...
Bitcoin’s failure to replicate gains in gold and stocks over the last six months may result in a delayed rally as BTC price returns to $65,000.
Bitcoin (BTC) rallied toward $66,000 after Tuesday’s gains in the US stock market, as cryptocurrencies sought to halt their 2026 slump.
Bitcoin rallied above $66,000 on Wednesday, recovering alongside US stocks.
Bitcoin Coinbase Premium Index flipped positive amid $258 million in ETF inflows.
While BTC’s correlation with stocks and gold is at its weakest since 2022, it historically signaled significant upside upon reversion.
Bitcoin’s recovery Wednesday aligns closely with similar rebounds in the US stock market, with AI and tech stocks leading the market higher.
The tech-focused Nasdaq led the recovery with 1.05% daily gains, while the S&P 500 rose 0.68%. The Dow locked in a 421-point gain, closing the trading day on Tuesday 0.86% higher.
Related: Bitcoin bounces to $66K as rumors swirl over Jane Street selling algorithm
Crypto-related stocks also saw moderate gains, with crypto exchange Coinbase (COIN) rising by 1.12% and Strategy (MSTR) gaining 0.73%.
The swift recovery of US equity markets appears to have played a role in easing negative pressure on crypto investors looking to cut risk asset exposure.
Source: CoinTelegraph
