Bitcoin’s Decoupling Gains Momentum as Ethereum and Cardano Drive Crypto Surge

Bitcoin (BTC) continued its upward momentum on Tuesday, crossing $93,500 as it appeared to break its correlation with traditional equity markets. This surge came as renewed optimism around U.S.-China trade relations sparked buying across the broader crypto market.

Cardano’s ADA and Ethereum’s ETH were among the biggest winners, both surging over 14%, leading the way for altcoins. Solana (SOL), XRP, and Binance Coin (BNB) also enjoyed notable gains, climbing around 8%. Meanwhile, the meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) saw over 11% increases, with Sui Network’s SUI outperforming with a 30% rally.

The overall crypto market capitalization rose by 4.4%, reaching $3.03 trillion, as the CoinDesk 20 Index (CD20) advanced by 5%, reflecting a strong recovery across major assets.

This rally followed comments from former U.S. President Donald Trump, who announced that tariffs on China could be substantially reduced, easing fears of an escalating trade war. Additionally, Trump reassured markets that he had no intention of removing Federal Reserve Chair Jerome Powell, calming concerns about the central bank’s direction.

Despite the positive news, the most significant development for many traders was bitcoin’s seeming detachment from traditional financial markets. This shift is reinforcing its narrative as a “store of value,” independent of broader economic conditions.

“Bitcoin is becoming more resilient to news events, both positive and negative,” said Nick Ruck of LVRG Research. “Its performance is showing that it is maturing as an asset class and not just tied to the fluctuations of the stock market.”

Analysts are also watching the continued rise in gold prices, with many suggesting that bitcoin could be following a similar path as a safe-haven asset. “Bitcoin may be starting to show signs of fully decoupling from traditional equities and mimicking gold’s role as a store of value,” said Jupiter Zheng, a partner at HashKey Capital.

Market watchers also noted that the surge in gold and bitcoin during the Asian trading session could be driven by central banks diversifying out of the U.S. dollar and into alternative safe-haven assets.

“Bitcoin’s decoupling from equities is becoming clearer, especially in the context of rising gold prices,” added Augustine Fan of SignalPlus. “It’s indicative of a larger shift where bitcoin might fulfill its potential as a long-term store of value.”