Since the outbreak of the US-Iran conflict on February 28, Bitcoin has shown a phase of relative strength compared to software stocks: $BTC has risen over 5% during this period, climbing back above $69,000, while the iShares Expanded Tech-Software Sector ETF (IGV), which tracks the software sector, dropped more than 2% over the same timeframe. Data shows that the correlation between $BTC and IGV was close to 1.0 in early February but quickly dropped to 0.13 after the conflict, later rebounding to around 0.7. Reports suggest that market concerns over AI competition could compress the profits and valuations of software companies like those in SaaS, while Bitcoin is behaving more like a 'macro asset' amid geopolitical uncertainty. (CoinDesk) https://(wublock123.com)/news/btc-software-stock-correlation-nearly-decouples-after-iran-iraq-conflict-59200