Bitcoin (BTC) rallied towards $66,000 after Tuesday’s positive aspects within the US inventory market, as cryptocurrencies sought to halt their 2026 hunch.
Key takeaways:
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Bitcoin rallied above $66,000 on Wednesday, recovering alongside US shares.
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Bitcoin Coinbase Premium Index flipped constructive amid $258 million in ETF inflows.
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Whereas BTC’s correlation with shares and gold is at its weakest since 2022, it traditionally signaled important upside upon reversion.
BTC value recovers in tandem with US equities
Bitcoin’s recovery Wednesday aligns intently with comparable rebounds within the US inventory market, with AI and tech shares main the market greater.
The tech-focused Nasdaq led the restoration with 1.05% each day positive aspects, whereas the S&P 500 rose 0.68%. The Dow locked in a 421-point achieve, closing the buying and selling day on Tuesday 0.86% greater.
Associated: Bitcoin bounces to $66K as rumors swirl over Jane Street selling algorithm
Crypto-related shares additionally noticed reasonable positive aspects, with crypto alternate Coinbase (COIN) rising by 1.12% and Technique (MSTR) gaining 0.73%.
The swift restoration of US fairness markets seems to have performed a job in easing destructive strain on crypto traders seeking to minimize threat asset publicity.
That is evidenced by the Bitcoin Coinbase Premium Index, a metric that tracks the worth distinction between BTC on Coinbase and Binance, which has flipped constructive for the primary time since Jan. 15.
This implies “US patrons are stepping in,” said analyst Nic in a put up on Wednesday, adding that the index wants to remain constructive to make sure sustained shopping for strain.
The return of demand within the US was additionally mirrored by Bitcoin ETFs, which recorded $258 million in net inflows on Tuesday.
Bitcoin received’t keep disconnected perpetually: Evaluation
Bitcoin, which is usually seen as a threat asset within the quick time period, has regularly moved in tandem with the inventory market, notably the S&P 500.
The previous six months have seen a sustained interval of this correlation breaking. The each day correlation coefficient index between BTC value and the US benchmark index, the S&P 500 index, is at the moment 0.32, and -0.45 with gold.
“Since late August, gold has surged +51%, the S&P 500 has gained +7%, and Bitcoin has fallen -43%,” onchain knowledge supplier Santiment said in a latest put up on X.
This marks the weakest correlation between Bitcoin and shares for the reason that FTX chaos in late 2022.
“Traditionally, when an asset that’s often correlated breaks away on this dramatic style, it usually doesn’t keep disconnected perpetually,” Santiment stated, including:
“In the long run, this uncommon separation really argues for important upside for Bitcoin and altcoins.”
If Bitcoin returns to its historic sample of monitoring equities throughout financial expansions, “it might have important room to catch up,” Santiment concluded.
This view was echoed by the founder and CIO of buying and selling firm QCP Capital, Darius Sit, who argued that the “Bitcoin vs. gold” debate is usually misinterpret as a value contest, when the “extra essential driver is liquidity and market construction.”
The divergence between shares and BTC “displays place unwinds and leverage-driven flows, not a failure of Bitcoin’s longer-term narrative,” Sit said, including:
“Bitcoin nonetheless behaves like a long-term inflation hedge and an more and more legible type of collateral.”
As Cointelegraph reported, Bitcoin’s adoption by establishments, banks, retailers, public corporations and nation-states surged in 2025, confirming it as a maturing asset class for traders.
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