{"id":23433,"date":"2023-05-31T08:10:02","date_gmt":"2023-05-31T08:10:02","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2023\/05\/31\/investors-pile-into-the-us-tech-sector-sending-the-nasdaq-100-index-higher-bitcoins-rally-should-continue-on-the-back-of-the-bullish-tech-sector\/"},"modified":"2023-05-31T08:10:02","modified_gmt":"2023-05-31T08:10:02","slug":"investors-pile-into-the-us-tech-sector-sending-the-nasdaq-100-index-higher-bitcoins-rally-should-continue-on-the-back-of-the-bullish-tech-sector","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2023\/05\/31\/investors-pile-into-the-us-tech-sector-sending-the-nasdaq-100-index-higher-bitcoins-rally-should-continue-on-the-back-of-the-bullish-tech-sector\/","title":{"rendered":"Investors pile into the US tech sector, sending the NASDAQ 100 index higher. Bitcoin\u2019s rally should continue on the back of the bullish tech sector."},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677533041444-c9717975-4004-47d4-b91a-ea9289457ecf-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677533041444-c9717975-4004-47d4-b91a-ea9289457ecf-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677533041444-c9717975-4004-47d4-b91a-ea9289457ecf-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677533041444-c9717975-4004-47d4-b91a-ea9289457ecf-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/1970\/01\/1677533041444-c9717975-4004-47d4-b91a-ea9289457ecf.jpg\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Investors pile into the US tech sector, sending the NASDAQ 100 index increased<\/li>\n<li>Bitcoin\u2019s rally should continue on the back of the bullish tech sector\u00a0<\/li>\n<li>A divergence with the NASDAQ 100 index reveals extra upside potential for Bitcoin<\/li>\n<\/ul>\n<p>Tech sector buyers are in a frenzy, as they piled into tech corporations in a rush not seen for a number of years. After correcting for many of 2022, NASDAQ 100, the inventory market index representing the US tech sector, is on hearth.\u00a0<\/p>\n<p>It gained over 30% YTD and appears bullish.\u00a0<\/p>\n<p>A mixture of components led to the bullish motion, akin to the AI revolution or the cost-cutting measures introduced by corporations akin to Meta or Amazon. The worry of lacking out drove buyers into tech shares once more, culminating in NVIDIA\u2019s inventory value reaching a stage that put the firm into the $1 trillion market capitalization choose membership.\u00a0<\/p>\n<p>For cryptocurrency merchants, these are nice information. In explicit, Bitcoin seems like it&#8217;s about to push even increased, regardless of gaining greater than 65% YTD.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/04\/31\/1685516329406-ed7483b0-1cdb-433c-9ff0-5ba6e9e9e796.jpg\" style=\"width: 1800px\" class=\"fr-fic fr-dib\" width=\"1800\" height=\"480\"\/><\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=CRYPTO\" rel=\"noopener noreferrer\" target=\"_blank\">Bitcoin chart by TradingView<\/a><\/p>\n<h2>Bitcoin\u2019s value motion lags behind\u00a0<\/h2>\n<p>Bitcoin has been lengthy traded in a decent, optimistic correlation with the NASDAQ 100 index. So, for instance, whereas the tech sector index entered bearish market territory final 12 months, Bitcoin adopted.\u00a0<\/p>\n<p>Moreover, after the NASDAQ 100 index bottomed in late October 2022, Bitcoin adopted too.\u00a0<\/p>\n<p>Furthermore, this 12 months, the value motion was similar, up to some extent. That is, they each rallied at the begin of the 12 months. Next, a correction adopted for each the NASDAQ 100 index and Bitcoin.\u00a0<\/p>\n<p>But then they diverged as a result of the tech sector index\u2019s rally continued whereas Bitcoin value corrected. However, given the optimistic correlation between the two, one might state that it is just a matter of time earlier than Bitcoin will make a brand new increased excessive for the 12 months, offering the tech sector\u2019s rally continues.\u00a0<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/nasdaq-100s-price-action-indicates-more-gains-for-bitcoin\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors pile into the US tech sector, sending the NASDAQ 100 index increased Bitcoin\u2019s rally should continue on the back of the bullish tech sector\u00a0 A divergence with the NASDAQ 100 index reveals extra upside potential for Bitcoin Tech sector buyers are in a frenzy, as they piled into tech corporations in a rush not [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23435,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1102,810,1264,1413,1517,564,1665,4017,439,2777,4364,863],"class_list":{"0":"post-23433","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market","8":"tag-bitcoins","9":"tag-bullish","10":"tag-continue","11":"tag-higher","12":"tag-index","13":"tag-investors","14":"tag-nasdaq","15":"tag-pile","16":"tag-rally","17":"tag-sector","18":"tag-sending","19":"tag-tech"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/23433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=23433"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/23433\/revisions"}],"predecessor-version":[{"id":23434,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/23433\/revisions\/23434"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/23435"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=23433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=23433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=23433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}