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- 【Gate Daily Market Digest】📊
Unlock today’s key crypto market insights at a glance!
Top Gainers⭐️ $TQ $GOCHU $VELAAI $BUBB $XPRESS
Trending Coins🔥 $ZBCN $TQ $WCT $EIGEN $MXC
#FearGreedIndex# #TopGainers#
- #Digital Asset Market Clarity Act#
US House Republicans have introduced the Digital Asset Market Clarity Act to clarify crypto regulations. The bill gives the CFTC exclusive authority over digital commodity spot markets, and crypto platforms can register with either the CFTC or SEC. Will this reshape crypto regulation? What’s your take?
#Trump Tariff Update#
A US appeals court has reinstated Trump-era tariffs during the appeal, and further tariff hikes (up to 15% for 150 days) are being considered. Could these tariffs return? How might this affect the crypto market?
#Nvidia Tops Global Marke
Gold Dropped, US Stocks Dropped But Bitcoin Held Steady: Bloomberg Analysts Are Stunned! Here Are Their Comments
Bitcoin seems to be charting its own course, demonstrating resilience amid a broader market sell-off that is shaking both risk assets and safe havens like gold.
Bloomberg ETF analyst James Seyffart expressed his astonishment at the strength of Bitcoin, noting that BTC managed to stay above $80,000 despite sharp declines in stocks and commodities. Seyffart stated, "It is noteworthy that BTC can remain strong even while traditional risk assets and gold are falling."
Bitcoin May Finally Be Decoupling from US Tech Stocks
The resilience of Bitcoin fuels speculation that a separation from traditional financial markets, which has been debated for a long time, may finally be taking place. Blockstream CEO and Bitcoin pioneer Adam Back reiterated this thought in his comments on X:
"Bitcoin is finally decoupling. I thought the connection was fake. Perhaps market makers are automatically correlating Bitcoin by using the fiat liquidity shortage in the Bitcoin market, and this situation is noticed at the opening of the US market."
Historically, Bitcoin has traded in a tight correlation with technology stocks, particularly the Nasdaq 100, since the early days of the COVID-19 pandemic. However, recent trading behaviors indicate a potential shift. The Nasdaq 100 fell for the second consecutive session on Friday, influenced by renewed fears of a trade war following President Donald Trump's tariff announcements, while Bitcoin rose by approximately 1%, reaching around $83,300.
Analysts point to geopolitical and macroeconomic grounds as the catalyst for this separation.
Augustine Fan, partner and CFO of the crypto trading platform SignalPlus, said, "We believe that Trump's aggressive moves have accelerated the reconsideration of BTC's long-term value in a portfolio," and added: "The reset of the global order has significant medium-term implications for the US as a capital target."
Bohan Jiang, the head of OTC options trading at Abra, stated, "I believe we could see a period of intuitively suppressed volatility in the field compared to everything else, given that BTC is not a target of the global trade war and is being forced to dollarize due to the policies of the current administration."