Analyst: The long-term recovery of BTC depends on the ability of the Nasdaq 100 index to rise

ChainCatcher news, the cryptocurrency market has erased all gains after Trump's announcement of the U.S. cryptocurrency strategic reserve. Analyst Stefan Luebeck believes: "After the sharp decline in Nvidia's stock price, the Bitcoin and cryptocurrency market has also been impacted. Given the close correlation between Bitcoin and U.S. tech stocks, Bitcoin's long-term recovery depends on the ability of the Nasdaq 100 index to rise."