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Bitcoin pulled back to $66,000 alongside a drop in oil prices, even as stock markets moved higher — a three-way split that is forcing traders to reconsider what kind of asset $BTC actually is.
The divergence arrived on the back of momentum around a potential US-Iran peace agreement, which lifted equities while leaving crypto and commodities behind.
What Divergence Means and Why It Matters Divergence, in market terms, is when assets that usually move together suddenly stop doing so.
For much of the past few years, Bitcoin has tracked risk sentiment alongside equities — rising when stocks rose and falling when they fell.
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