Bitcoin (BTC) is on the cusp of breaking in relation to the Nasdaq 100 compound, with the current BTC/Nasdaq ratio in 4.96. This means that now takes almost five Nasdaq units to coincide with the value of a bitcoin. The previous 5.08 record was established in January 2025, when Bitcoin reached its historical maximum of more than $ 109,000.
Historically, each market cycle has seen that the relationship reaches the new maximums: 2017, 2021 and now 2025), illuminating the continuous continuous performance of Bitcoin against Nasdaq.
In multiple deadlines, Bitcoin is increasingly diverging from US technological actions. With regard to the year, Bitcoin has dropped only 6%, compared to the 15% decrease in Nasdaq. Since Donald Trump’s electoral victory in November 2024, Bitcoin has recovered 30%, while Nasdaq has fallen by 12%.
When measured with the “magnificent seven” technological actions of MEGA capitalization, Bitcoin remains around 20% below its February historical maximum of this year. This indicates that although Bitcoin has shown strength, the main technology names remain better than the broader Nasdaq compound.
Strategy (Mstr), a well -known proxy for exposure to Bitcoin, also remains better than the technological actions of the USA. Since it joined the ETF QQQ on December 23, Mstr fell 11%, while ETF itself has fallen more than 16%. The divergence has become more pronounced in 2025: MSTR has increased by 6% in the year to date, compared to the 15% decrease in QQQ.
