Bitcoin price lags US tech rally as analysts warn of market divergence

U.S. equity markets remained near record highs while the technology sector continued to advance, but Bitcoin failed to keep pace. Analyst Gerardo Ortega highlighted the separation between cryptocurrencies and U.S. tech indices, noting that such divergence can signal weakness in crypto assets and urging investors to monitor key support levels.

Fidelity’s macro director Jurrien Timmer applied a power‑law model to Bitcoin, finding the price around $64,500—about 8 % above a support line near $58,000. Recent U.S. inflation data reduced expectations of a Federal Reserve rate hike, prompting a 3 % jump in Bitcoin and a 5.4 % rise in Ethereum. Timmer said no clear catalyst or liquidity boost is present, and geopolitical tensions around Iran and the Strait of Hormuz further dampen inflows. A potential Fed pause on rate hikes could provide a macro‑based upside for Bitcoin.