Bitcoin Remains Resilient Amid Market Uncertainty, Outperforming Tech Stocks

Bitcoin is showing resilience amidst market uncertainty. On Friday, Bitcoin's price hovered around $84,000, up approximately 1.40% over the last 24 hours. This occurred while the Nasdaq experienced a significant decline. Bitcoin outperformed tech stocks and crypto-related equities. Standard Chartered Bank's head of digital asset research, Geoff Kendrick, noted this decoupling suggests Bitcoin's potential as a hedge during market panic. Fundstrat's head of digital assets, Sean Farrell, has suggested this strength may be due to aggressive buying from companies with BTC treasury strategies. Bitcoin is proving itself to be the best of tech and a hedge in multiple scenarios.