BTC decoupling from US software stocks deepens

Bitcoin is showing an unusual decoupling from U.S. software stocks, which it has historically moved in sync with, CoinDesk reports. Recently, Bitcoin has fallen 10% while the software sector ETF (IGV) has rallied 12%. The correlation between BTC and IGV has now dropped to 0.58, a level similar to late 2023 and mid-2024. The outlet noted that in the past, BTC rallies have followed such periods of decoupling.