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.