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Bitcoin price diverges from Nasdaq as correlation drops near zero amid resistance at $76,000

Market News
17 Apr 2026
Finbold
View Source
Neutral
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The correlation between Bitcoin price and the Nasdaq Composite Index has fallen sharply to near zero as of mid-April 2026. While the Nasdaq surged over 10% to an all-time high, Bitcoin has struggled to break past $76,000, encountering strong resistance. This divergence is driven by low bullish conviction, with institutional investors accumulating but whales selling to take profits. Bitcoin now faces a critical point where breaking above $76,000 could trigger a rally, but failure may lead to a drop below $70,000.

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