Bitcoin acting “less Nasdaq” and more like gold, despite 60% recession odds

Bitcoin is decoupling from the US stock market and starting to trade more like precious metals, in another signal of Bitcoin’s growing role as a safe-haven asset against global economic disruption.

Bitcoin’s (BTC) price is showcasing its growing maturity as a global asset, becoming “less Nasdaq — more gold” over the past two weeks, according to Alex Svanevik, co-founder and CEO of the Nansen crypto intelligence platform.

Bitcoin staged a 12% recovery in the two weeks leading up to April 22, despite ongoing tariff escalation between the…