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CoinEx News: Bitcoin briefly cleared $79,000 on April 22 as the Nasdaq Composite closed at a record 24,657 — a new all-time high — while Brent crude climbed 3.48% to $101.91 and spot gold traded near $4,730 with the U.S. blockade of the Strait of Hormuz still in place. BTC's 30-day correlation with the Nasdaq, down from roughly 0.9 in early April to near zero by April 17, appears to rebound after President Trump extended the U.S.–Iran ceasefire. Even as oil stayed elevated on supply risk and gold bled hedge premium.
The split reaction suggests Bitcoin is being re-priced as a high-beta equity-risk proxy rather than a macro hedge: its move tracked the Nasdaq, not oil or gold, implying digital assets are now reacting to tail-risk removal, not to residual supply shocks.
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