Bitcoin demonstrated resilience by decoupling from the Nasdaq's sharpest single-day drop since April 2025, showing an aggressive price rebound despite the tech stock slump. After dipping below $60,000 last Friday, Bitcoin reversed from a key support level to reclaim $63,000, with analysts targeting a move toward $65,000. While the Bitwise Trendwise Bitcoin ETF (BITC) reflects a 17.9% annual decline, experts suggest current market weakness does not necessarily indicate institutional exits.
MicroStrategy's founder defended the recent sale of Bitcoin holdings, potentially shifting the company's long-standing 'HODL' narrative for institutional investors.
Read the full storyThe leading cryptocurrency staged a strong rebound even as the tech-heavy Nasdaq index recorded its steepest daily decline since April 2025.
Bitcoin sees a technical reversal from key support levels aiming for $65,000, despite the BITC ETF recording a 17.9% annual drop.