Bitcoin's price has continued to diverge from the Nasdaq, with the cryptocurrency trading weaker while the technology-heavy index makes new highs. This fresh split between crypto and equity markets has raised debate about whether Bitcoin will rebound in the coming weeks or equities will weaken.
Analysts believe one of the two markets may need to catch up, but it is unclear which market will adjust first. Michaël van de Poppe noted that the gap between the two assets has widened in recent days and suggested that one of them may be due for a correction.