- These extreme upward moves were not just for Bitcoin but also for Nasdaq futures after the Trump penis units.
- In 2025, both assets move into reverse draughts toward critical support levels.
- The most significant move, a shift in market sentiment, accounts for the similar declines in both Bitcoin and Nasdaq.
Initially, the Bitcoin and Nasdaq Futures mirrored these two developments after that major market mover- the Trump pump-dated November 4, 2024. An analyst by the name of Marty (@marty__) posted a chart which indicates a pretty strong post-November correlation between Bitcoin price (in blue) and Nasdaq futures (in yellow).
As of the time of writing, Bitcoin is priced at around $20,170, indicating a very serious descent from the recent highs, while Nasdaq futures are in similar plunges. The fall speaks of a possible collective influence on the market, which is possibly because of the macroeconomic factors driving the entire economy, including traditional equities and cryptocurrencies.
Trump Pump and Bitcoin and Nasdaq Futures
This flair generates a sharp diverging pattern from early November 2024, which is steeping in the vista of important market movements, such as the Trump pump. In the actual sense, Bitcoin functioned as a latter cause that closely trailed behind the futures of Nasdaq. It went up to above $100,000 on the days leading up to the event, followed by index peaks for both assets- around $105,000 for Bitcoin and just over 102,000 for Nasdaq futures.
This moment, which would be characterized by large-scale investor optimism, would trigger heavy price increases in the two markets for announcements and political events at the time. However, in contrast, the two assets have experienced significant buying retracements as of March 2025, falling back closer again into lower price ranges.
Declining Correlation and Market Sentiment Shift
Bitcoin and Nasdaq futures have once again tracked in parallel, but this time both assets are subject to downward pressure. As shown in the chart, about $20,170 is where Bitcoin’s price has retraced down from the highs reached post-Trump pump, whereas the Nasdaq futures have similarly fallen below 79,000.
Reflects broader sentiment shifts across markets as investors become nonchalant over the sustainability of economic stability; this could, in turn, be affecting both tech stocks and the cryptocurrency space. Such correlated movement down raises eyebrows regarding how close Bitcoin’s performance may be to more traditional market indicators like Nasdaq, particularly in times of unrest.
