The Nasdaq is on pace for its best first-half performance ever, with $BTC also up 80% this year.

However, the correlation between Bitcoin and U.S. stocks is declining. Although both stocks and Bitcoin are rising, the upward moves are different. In recent months, while U.S. stocks have been rising, crypto has been falling. In the past few days, while crypto has been rising, U.S. stocks have been correcting.

This year's gains have defied bearish warnings from various analysts. In the fourth quarter of last year, analysts were unanimously not optimistic about the future of encryption due to factors such as high interest rates, inflation, economic recession, and liquidity.

Reality has proven that predictions were pale.

After the market rose, various explanations emerged: economic flexibility, falling inflation, and increased liquidity. Everyone was looking for some reasonable explanation for the continued rising market prices.

It's not that these forces haven't helped the market rise.

But price comes first and explanation comes second. This is always the case. There will also be reasonable explanations when prices fall.