Bitcoin (BTC) rallied towards $66,000 after Tuesday’s positive aspects within the US inventory market, as cryptocurrencies sought to halt their 2026 droop.
Key takeaways:
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Bitcoin rallied above $66,000 on Wednesday, recovering alongside US shares.
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Bitcoin Coinbase Premium Index flipped optimistic amid $258 million in ETF inflows.
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Whereas BTC’s correlation with shares and gold is at its weakest since 2022, it traditionally signaled important upside upon reversion.
BTC value recovers in tandem with US equities
Bitcoin’s restoration Wednesday aligns intently with related rebounds within the US inventory market, with AI and tech shares main the market increased.
The tech-focused Nasdaq led the restoration with 1.05% each day positive aspects, whereas the S&P 500 rose 0.68%. The Dow locked in a 421-point acquire, closing the buying and selling day on Tuesday 0.86% increased.
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Crypto-related shares additionally noticed average positive aspects, with crypto change Coinbase (COIN) rising by 1.12% and Technique (MSTR) gaining 0.73%.
The swift restoration of US fairness markets seems to have performed a task in easing adverse strain on crypto buyers seeking to lower threat asset publicity.
That is evidenced by the Bitcoin Coinbase Premium Index, a metric that tracks the worth distinction between BTC on Coinbase and Binance, which has flipped optimistic for the primary time since Jan. 15.
This implies “US consumers are stepping in,” mentioned analyst Nic in a submit on Wednesday, including that the index wants to remain optimistic to make sure sustained shopping for strain.
The return of demand within the US was additionally mirrored by Bitcoin ETFs, which recorded $258 million in web inflows on Tuesday.
Bitcoin received’t keep disconnected ceaselessly: Evaluation
Bitcoin, which is commonly seen as a threat asset within the quick time period, has often moved in tandem with the inventory market, significantly the S&P 500.
The previous six months have seen a sustained interval of this correlation breaking. The each day correlation coefficient index between BTC value and the US benchmark index, the S&P 500 index, is at the moment 0.32, and -0.45 with gold.
“Since late August, gold has surged +51%, the S&P 500 has gained +7%, and Bitcoin has fallen -43%,” onchain information supplier Santiment mentioned in a latest submit on X.
This marks the weakest correlation between Bitcoin and shares because the FTX chaos in late 2022.
“Traditionally, when an asset that’s often correlated breaks away on this dramatic style, it sometimes doesn’t keep disconnected ceaselessly,” Santiment mentioned, including:
“In the long run, this uncommon separation truly argues for important upside for Bitcoin and altcoins.”
If Bitcoin returns to its historic sample of monitoring equities throughout financial expansions, “it could have important room to catch up,” Santiment concluded.
This view was echoed by the founder and CIO of buying and selling firm QCP Capital, Darius Sit, who argued that the “Bitcoin vs. gold” debate is commonly misinterpret as a value contest, when the “extra essential driver is liquidity and market construction.”
The divergence between shares and BTC “displays place unwinds and leverage-driven flows, not a failure of Bitcoin’s longer-term narrative,” Sit mentioned, including:
“Bitcoin nonetheless behaves like a long-term inflation hedge and an more and more legible type of collateral.”
As Cointelegraph reported, Bitcoin’s adoption by establishments, banks, retailers, public firms and nation-states surged in 2025, confirming it as a maturing asset class for buyers.
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