Bitcoin pulls away from software stocks as Iran war, AI reshape market dynamic

BTC correlation with an ETF tracking software comany stocks broke sharply from near-total alignment to near zero after the conflict started. What to know : Bitcoin has outperformed software stocks since Feb 28, gaining over 5% while the iShares Expanded Tech-Software Sector ETF has fallen more than 2%, marking a clear short-term divergence after months of tight correlation. Correlation between the two assets collapsed from near 1.0 in early February to 0.13 after the conflict began, before partially recovering to around 0.7.(Coindesk)