Bitcoin: Potential Break from Nasdaq Correlation Amid Tariff Turmoil
In a recent observation, Arthur Hayes, a prominent figure in the cryptocurrency world, has proposed an intriguing theory about Bitcoin’s future relationship with traditional markets. As global economic dynamics shift, particularly due to tariff policies, Hayes suggests that Bitcoin may diverge from its historical correlation with the Nasdaq 100.
Arthur Hayes: Trump’s Tariffs May Break Bitcoin’s Correlation with Nasdaq
Arthur Hayes suggests that Trump’s tariffs could break Bitcoin’s long-standing correlation with the Nasdaq 100. On Friday, Bitcoin rose 1% to NEAR $83,300, while the Nasdaq 100 fell for the second consecutive day. Hayes believes this could mark the end of US Treasuries and a partial collapse of U.S. stocks as global reserve assets, triggered by Trump’s tariffs.
Bitcoin: Is BTC the Market’s Last Refuge Amid U.S.-China Trade War?
China’s 34% tariff retaliation against the U.S. has deepened global trade tensions, impacting Bitcoin and other markets. Analysts view Bitcoin as a resilient hedge amid tariff-induced market turmoil and Federal Reserve rate cut hopes. Following President Trump’s announcement of tariffs, China retaliated, escalating the trade war. Bitcoin, which briefly climbed to $84,000, slipped below $82,000 after China’s announcement.
Bitcoin Creator Satoshi Nakamoto Turns 50
Satoshi Nakamoto, the pseudonymous creator of Bitcoin, would have been 50 today. His identity and the access to his wealth remain a mystery. He chose April 5 as his birthday, possibly a reflection of the US monetary policy. Based on his P2P Foundation profile, April 5, 2025, marks his 50th birthday. Bitcoin, his invention, has grown from an esoteric concept to a trillion-dollar asset with widespread acceptance. Happy Birthday, Satoshi Nakamoto! The mind that changed the world with Bitcoin.
Bitcoin Momentum Building: Capital Inflows Surge 350% in 2 Weeks
Bitcoin is facing selling pressure with bulls struggling to reclaim the $90,000 level, while bears test the $81,000 support zone. Market volatility is heightened by macroeconomic uncertainty and geopolitical tensions. Despite this, Glassnode data shows capital inflows into the crypto market have surged by 350% in two weeks, signaling renewed investor interest, particularly in BTC.
Altcoin Season Brewing in Q2 2025?
Analysts predict Q2 2025 as the ideal time to accumulate altcoins amidst Bitcoin [BTC] dominance. Key indicators suggest Bitcoin dominance remains strong, delaying the start of the altcoin season. As Bitcoin continues to dominate, altcoin market capitalization has dropped 40% from its all-time high, falling below $1 trillion, causing losses for many investors. However, some market observers see this as the perfect setup for an impending altcoin season. Joao Wedson, founder of Alphractal, predicted that since December 2024, the market has been in a bearish sentiment.
