Is Bitcoin 'Conclusively' Decoupling from Equities? Experts Weigh InBitcoin is exhibiting behavior that suggests it may be decoupling from risk assets like equities and becoming a "safe haven" similar to gold. Recently, Bitcoin's price rose nearly 7% to around $93,000, following comments from U.S. Treasury Secretary Bessent about an expected de-escalation in trade tensions with China. This uptick occurred amidst a broader sell-off in equities, with the S&P 500 and Nasdaq dropping 3%. Analysts suggest the divergence could be short-lived if tied to U.S. dollar weakness, as confirmed by Jake Ostrovskis from Wintermute, emphasizing the importance of monitoring the U.S. Dollar Index (DXY). Historically, Bitcoin has correlated closely with equities, but currently, its 30-day correlation with the S&P 500 is 0.65. David Duong from Coinbase noted that concerns over U.S. dollar debasement and unsustainable debt are influencing this trend, leading to a reassessment of Bitcoin's role in markets.