Markets, Nasdaq, Bitcoin, News Bitcoin continues to outperform conventional tech benchmarks, signaling a possible shift in market management as correlations weaken. 

Bitcoin (BTC) is on the cusp of breaking out relative to the Nasdaq 100 Composite, with the present BTC/Nasdaq ratio sitting at 4.96. This means it now takes practically 5 Nasdaq items to match the worth of 1 bitcoin. The earlier document of 5.08 was set in January 2025, when bitcoin hit its all-time excessive of over $109,000.

Historically, every market cycle has seen the ratio attain new highs—2017, 2021, and now 2025—highlighting bitcoin’s continued outperformance in opposition to the Nasdaq.

Across a number of timeframes, bitcoin is more and more diverging from U.S. tech shares. Year-to-date, bitcoin is down simply 6%, in comparison with the Nasdaq’s 15% decline. Since Donald Trump’s election victory in November 2024, bitcoin has rallied 30%, whereas the Nasdaq has fallen 12%.

When measured in opposition to the “Magnificent Seven” mega-cap tech shares, bitcoin stays round 20% beneath its all-time excessive from February this 12 months. This signifies that whereas bitcoin has proven energy, the highest tech names are holding up higher than the broader Nasdaq Composite.

Strategy (MSTR), a widely known proxy for bitcoin publicity, can be holding up higher than the U.S tech shares. Since becoming a member of the QQQ ETF on Dec. 23, MSTR is down 11%, whereas the ETF itself has dropped over 16%. The divergence has turn out to be extra pronounced in 2025: MSTR is up 6% year-to-date, in comparison with QQQ’s 15% decline.

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