Faster global financial news!
Software Stocks Diverge From Bitcoin: iShares Software ETF (IGV) Up 40% From April Low, While Bitcoin Is Down 29% YTD; 20-Day Correlation Turns Negative
Software stocks have shown a rare divergence from Bitcoin (BTC), with the iShares Expanded Tech-Software Sector ETF (IGV) climbing to a one-year high relative to the largest cryptocurrency. IGV has rallied 40% from its April low and is now down only 1% in 2026, while Bitcoin has fallen 29%. Their 20-day rolling correlation has also turned negative for the first time since May 2024. Analysts note that similar negative-correlation episodes occurred during Bitcoin's 2018 bear market, the 2020 Covid shock, and China's 2021 mining ban, with Bitcoin eventually catching up each time.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
Google will launch its first AI chip satellite next week via SpaceX, equipped with its self-developed Trillium TPU chip, but it will require a 15-minute shutdown for cooling after each 15-minute operation.
-
2
The Value Basis and Long-Term Investment Potential of Cryptocurrencies: Opportunities and Risks Coexist
-
3
Lookonchain updates: Bitget hack involved $157.48M XRP, $85.75M ETH, $34.75M USDT, and $21.05M USDC among other stolen assets
-
4
Analysis of EOS Project Status: Has the Core Team "Exit Scammed"? What are the Future Development Prospects?
-
5
Brent crude oil rose over 3% on Thursday, breaking above $106 per barrel, after Yemen's Houthi rebels claimed attacks on Saudi facilities.
-
6
Understanding Maker and Taker Mechanisms on Cryptocurrency Exchanges
-
7
Ethereum Staking Surpasses 41 Million ETH, Network Security and Economic Model Continue to Evolve
-
8
Bitget's security team confirmed a backend system intrusion, with forged transfers triggering an outflow of funds; the CEO stated losses exceeded $300 million, possibly linked to North Korean hackers.
-
9
French President Emmanuel Macron announced that France would provide military assistance to Saudi Arabia to protect oil facilities at Yanbu Port in the Red Sea.
-
10
Cryptocurrency Deposit Speed and Analysis of the Top 10 Global Exchanges
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
