Jun 1, 2026
EnglishEDITIONS: EN

CBC News

CBC English News Edition
Crypto

Bitcoin's 'Decoupling' from US Software Stocks Deepens... A Prelude to a Past Rally?

According to CoinDesk, Bitcoin (BTC), which has historically shown a similar trend to US tech stocks, has recently exhibited an unusual decoupling from the US s

EditorialTranslation: EN
Briefing

What to know

  • According to CoinDesk, Bitcoin (BTC), which has historically shown a similar trend to US tech stocks, has recently exhibited an unusual decoupling from the US s

According to CoinDesk, Bitcoin (BTC), which has historically shown a similar trend to US tech stocks, has recently exhibited an unusual decoupling from the US software sector. While the US software sector ETF (IGV) recently rose by 12%, Bitcoin fell by 10%, breaking away from their traditional correlation. As a result, the current correlation between BTC and IGV has dropped to 0.58. This is comparable to the levels seen from late 2023 to mid-2024. In relation to this, the media outlet analyzed, "Historically, an upward trend in BTC has followed this level of decoupling," elaborating that the current trend could be a technical precursor to a future rebound.