5:25 PM ยท 11 November 2022

Bitcoin bearish divergence with NASDAQ ๐Ÿ“‰

Cryptocurrencies at the end of the week are unable to keep up with stock market bulls. Despite an increase in risk appetite in global markets, Bitcoin is losing. The reason is the industry's internal problems and the systemic risk posed by the collapse of the FTX exchange and the Alameda Research fund. BlockFi joined the ranks of those at risk today, freezing withdrawals:

  • The head of the Binance exchange and the richest of the 'cryptocurrency billionaires,' Chanpeng Zhao conveyed that cryptocurrencies are facing an internal crisis comparable to what Wall Street experienced in the wake of the Lehman Brothers bankruptcy, in 2008.

The bearish divergence can be seen very clearly when we juxtapose Bitcoin with NASDAQ contracts:

Bitcoin, M15 interval. The major cryptocurrency is losing correlation with the US stock market (US100, golden line) and slipping around $16,600 despite positive sentiment in global stock markets. Source: xStation5

13 October 2026, 6:41 PM

Daily Summary: Earnings Season Kicks Off on Wall Street Amid Mixed Sentiment

13 October 2026, 1:02 PM

Market Wrap: European Stocks Rise as Banks Beat Earnings Expectations

9 October 2026, 6:41 AM

Morning Wrap: OpenAI Revenue Concerns Weigh on Wall Street

7 October 2026, 1:44 PM

Bitcoin Hits a Wall. Will โ€œUptoberโ€ Bring a Crypto Correction?

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissรฃo de Valores Mobiliรกrios (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits