Bitcoin (BTC), the world’s leading cryptocurrency by market cap, is surpassing the performance of traditional financial markets, particularly the tech-heavy Nasdaq 100. While the Nasdaq 100 has plummeted over 16% year-to-date, Bitcoin's decline is limited to just 12%, indicating a potential decoupling between cryptocurrencies and U.S. equities.

This divergence was highlighted within the past 24 hours, as Bitcoin surged nearly 3%, contrasted with the S&P 500's 5.47% drop in a single session, marking its sharpest decline in months. Over the last five days, the flagship index has fallen 8%, resulting in a massive $5 trillion loss in U.S. stock market value.