Bitcoin Was Up Over 30% While The Stock Market Stayed Flat

Is this the decoupling we have been waiting for?

If you have been watching the market as of late you will notice that all markets have on things in common: the colour red. It didn't matter if you were in the stock market or crypto you were in for some major loses these last 2 weeks. Not only that but even gold took a big hit.

It seems that crypto was not a safe haven from the market and the narrative that this was the place to go when the market went down was starting to fade. But over the last 2 days something changed. Sure the crypto market went down with everything else, that was from the seer panic that took hold of investors, but it is recovering fast. Not only is it blowing past the stock market recovery (which might still be in a downtrend) but has gotten back above its 6k level. This is pretty impressive considering that we were at the 3.8k level only a week ago.

Yes it is still early and we should not declare crypto the place to be until bitcoin hits at least 10k. This might just be a temporary bounce before more pain comes but it is a good sign that things can jump in this market. When you add the fact that the halving is soon this could be a good recipe for a boom in price. This is not investment advice just a little hopium as it has been a bad 2 weeks.

By the looks of things it will be weeks if not months before things go back to normal. I don't know what is going to happen to the stock market and crypto needs to get back up to start climbing again. It may be months or it may never happen at all but the last 2 days have been a great start.

We will see where it goes next week.