Bitcoin has avoided the trade war and is showing signs of breaking free from the pull of tech stocks.

[Bitcoin dodges trade war, is showing signs of escaping the gravitational pull of tech stocks] Amid the turmoil in financial markets over the past few days, Bitcoin is showing signs of escaping the gravitational pull of tech stocks. Since the pandemic, Bitcoin has maintained a highly positive correlation with the Nasdaq 100 index, often moving in tandem with the benchmark index. But on Friday, bitcoin actually rose about 1% to around $83,300, while the Nasdaq-100 fell for the second day in a row on Trump’s tariffs. Augustine Fan, a partner at SignalPlus, a crypto trading solutions platform, said: "In our view, Trump’s aggressive move has accelerated a re-examination of Bitcoin’s long-term value in portfolios, as the reset of the global order has significant medium-term implications for the United States as a capital destination. Bohan Jiang, head of OTC options trading at Abra, said: “Bitcoin is not a target in the global trade war, and coupled with the current policies of the U.S. government effectively forcing de-dollarization, I think we may counterintuitively see less volatility in the Bitcoin space relative to everything else.” ”