Nasdaq Rally Fuels Bitcoin Optimism Amidst Historical Correlation

The recent rally in the Nasdaq has sparked interest in Bitcoin (BTC), which has been lagging behind despite no signs of a crypto market crash.

BTC's historical correlation with the Nasdaq suggests that it tends to trail by 2-3 weeks before surging higher, often with gains of 4-6 times that of the Nasdaq. In past cycles, BTC has surged by 1,000% in 2013 and 400% in 2017 six months after lagging the Nasdaq.

Analyst Michaël van de Poppe notes that BTC remains undervalued amidst rallies in gold and oil, positioning it for a catch-up move. Recent Nasdaq quarters have triggered BTC runs from $27K to $44K, underscoring the lag-then-surge pattern.