Bitcoin and software equities have sharply diverged after moving in lockstep for years, raising questions over whether bitcoin will eventually catch up. Since April 10, the iShares Expanded Tech-Software Sector ETF (IGV) has rallied 36% and reclaimed its 200-day moving average, signaling a return to a long-term uptrend despite earlier concerns over AI disrupting traditional software businesses. Bitcoin's 20-day rolling correlation with IGV has fallen to 0.58, a level last seen before major…
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