Bitcoin Reaches New ATH (Against Nasdaq)

Bitcoin Reaches New ATH (Against Nasdaq)

Here's why this record peak matters

Bitcoin Hits Record High Against Nasdaq, Surges Past BitDAQ Ratio of 5

Bitcoin has reached a new all-time high relative to the Nasdaq-100 index, according to analyst Charlie Morris. The Bitcoin-to-Nasdaq futures ratio (BitDAQ) has surpassed 5, meaning one Bitcoin is now worth over five times the value of a single Nasdaq futures contract. Morris notes this is a psychologically significant threshold, highlighting Bitcoins dominance over traditional tech stocks. While Bitcoin has historically shown strong correlation …

Bitcoin (BTC), the leading cryptocurrency of the market, has marked an unprecedented milestone in recording its third consecutive historical peak in the capitalization metric. This indicator, used by on-chain analysts to assess the entry of fresh capital into the market, could be pointing to the beginning of a new upward cycle for the price of Bitcoin (BTC). Amid marked volatility in global markets and growing institutional interest, this new re…