onchain

The divergence in performance between Bitcoin (BTC) and the Nasdaq can be attributed to several factors that impact each market differently. Market sentiment and risk appetite play a significant role. Bitcoin, as a highly speculative asset, often experiences substantial volatility. When market sentiment becomes risk-averse, investors may sell off Bitcoin in favor of safer assets. In contrast, the Nasdaq, which is composed of many tech and growth stocks, can benefit from positive market sentiment, especially if investors are optimistic about the technology and growth sectors.