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Bitcoin Defies Global Market Meltdown: Is $100K Back on the Table?

  • Bitcoin defies the global market meltdown, gaining over 2% while traditional markets like S&P 500 and Nasdaq drop nearly 6%.
  • As $3.2 trillion is wiped out from stocks, crypto adds $5.4 billion in market cap, prompting the question of whether Bitcoin is decoupling from mainstream markets.
  • BTC's recent performance relative to Wall Street has led to optimism, with the possibility of a 'handoff' from gold to Bitcoin, potentially opening the door to huge outperformance by Bitcoin over other assets.
  • Despite the positive outlook, some caution against being too greedy on crypto and warn of a possible 'rug pull' in the coming week.

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