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Bitcoin fell 50% in 2026, moving with Nasdaq tech stocks, losing its 'digital gold' hedge status as gold soared.

Market News
02 Jul 2026
Crypto news
View Source
Bearish
Bitcoin fell 50% in 2026, moving with Nasdaq tech stocks, losing its 'digital gold' hedge status as gold soared.

In 2026, Bitcoin dropped about 50%, closely tracking the Nasdaq rather than acting as a safe haven like gold, which hit record highs. This shift is linked to the rise of spot Bitcoin ETFs since 2024, which integrated Bitcoin into institutional portfolios alongside tech stocks, aligning their price movements. Analysts say Bitcoin now behaves like a high-risk tech asset, falling sharply with equities but not fully benefiting from their rallies, challenging its role as a portfolio hedge. The future depends on whether this correlation is structural or temporary, affecting how investors should view and size Bitcoin in their portfolios.

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Snap insider sells 20,000 shares amid 27% stock drop over past year

Snap insider sells 20,000 shares amid 27% stock drop over past year

A Snap insider has sold 20,000 shares as the company's stock has declined by 27% over the last year. This insider sale may signal concerns about the stock's near-term prospects or a personal decision to liquidate holdings. Investors should watch for ...

Market News
Bearish
3 hours ago
Sandisk stock expected to reach low $2,000s by 2030, not outperforming the market

Sandisk stock expected to reach low $2,000s by 2030, not outperforming the market

Analyst Daniel Sparks projects Sandisk's stock price to rise from about $1,790 to the low $2,000s by 2030. This growth forecast suggests the stock will not outperform the broader market during this period. Investors should consider this moderate outl...

Market News
Bullish
3 hours ago
Cellebrite unveils enhanced 2027 JUSTYS awards honoring digital forensic excellence in crime solving.

Cellebrite unveils enhanced 2027 JUSTYS awards honoring digital forensic excellence in crime solving.

Cellebrite announced the 2027 JUSTYS awards with stricter judging, new crime-specific categories, and an expanded expert panel. The awards honor outstanding digital forensic and investigative work that helps protect communities and deliver justice. T...

Others
Bullish
4 hours ago
SenesTech's rodent birth control products launch on sustainable marketplace Grove Collaborative.

SenesTech's rodent birth control products launch on sustainable marketplace Grove Collaborative.

SenesTech announced that its Evolve® rodent birth control products will soon be available on Grove Collaborative's online marketplace, expanding access to eco-friendly rodent control solutions. Grove Collaborative is known for sustainable products, m...

Market News
Bullish
4 hours ago
IEA highlights thermal storage as key to industrial electrification, boosting BrenX's market potential.

IEA highlights thermal storage as key to industrial electrification, boosting BrenX's market potential.

The International Energy Agency's recent report spotlights thermal energy storage as a promising solution for electrifying industrial heat, a market served by BrenX Ltd. The report notes that while electricity prices are generally higher than fossil ...

Market News
Bullish
4 hours ago
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