Bitcoin surged to $80k because of an Asia-led AI trade as BTC breaks from US equity correlation

Bitcoin reclaimed $80,000 on May 4 as Asian equities pushed toward records on the AI trade, with Korea and Taiwan leading the advance and Nasdaq 100 futures also pointing higher. The correlation creates a potential portfolio problem for ordinary holders. Bitcoin now reacts differently at different times to the same switch, moving chip shares, tech […] The post Bitcoin surged to $80k because of an Asia-led AI trade as BTC breaks from US equity correlation appeared first on CryptoSlate.