Svmuu According to reports, boosted by expectations of an easing in the Middle East situation, Bitcoin's price rose rapidly. Israeli Prime Minister Benjamin Netanyahu was reportedly instructed to initiate negotiations with Lebanon, and previously, Trump also demanded that Israel reduce military operations to maintain the ceasefire process. Following the news, Bitcoin quickly rose by approximately 3%, currently trading around $72,300, with a 24-hour gain of about 2%, significantly outperforming mainstream crypto assets; Ethereum, Solana, and XRP all gained less than 1%. Meanwhile, U.S. stocks also halted their decline and rebounded, while oil prices retreated from their intraday highs.
It is noteworthy that Bitcoin's price movement has shown a clear divergence from that of tech stocks. The 20-day rolling correlation coefficient between the two has dropped to around 0.34, indicating that Bitcoin is gradually decoupling from its linkage with tech stocks and is being driven more by macro geopolitical factors and safe-haven sentiment. (CoinDesk)