The short-term 30-day correlation between the Nasdaq 100 index of US tech stocks and Bitcoin has reached its highest level since the beginning of 2023, which indicates that when the stock index rises further, Bitcoin will follow the general trend.

I have said before that you should not worry about the rise of US stocks and the non-rise of Bitcoin. After all, the rise of US stocks has a spillover effect on Bitcoin. You should worry about the fall of US stocks when Bitcoin does not rise.