Bitcoin (BTC) rose towards $66,000 after Tuesday’s gains in the US stock market, as cryptocurrencies tried to stem the decline in 2026.

Key takeaways:

• Bitcoin rose above $66,000 on Wednesday, recovering along with US stocks.

• The Bitcoin Coinbase Premium Index rose to positive territory after an inflow of $258 million from ETFs.

• While BTC’s correlation with stocks and gold is at its weakest since 2022, it has historically shown significant upside after a trend reversal.

BTC price is recovering along with US exchanges

Bitcoin’s recovery Wednesday closely follows a similar rebound in the U.S. stock market, with artificial intelligence and technology stocks leading the market.

The tech-focused Nasdaq led the recovery with intraday gains of 1.05%, while the S&P 500 rose 0.68%. The Dow rose 421 points, closing Tuesday’s trading day with an raise of 0.86%.

Related: Bitcoin rebounds to 66,000 dollars as rumors swirl about Jane Street’s selling algorithm

Cryptocurrency-related stocks also saw moderate gains, with cryptocurrency exchange Coinbase (COIN) rising 1.12% and Strategy (MSTR) gaining 0.73%.

The rapid recovery in US stock markets appears to have played a role in easing negative pressure on crypto investors looking to reduce exposure to risky assets.

This is documented by the Bitcoin Coinbase Premium Index, an indicator tracking the price difference between BTC on Coinbase and Binance, which turned positive for the first time since January 15.

This means “U.S. buyers are moving in” he said analyst Nothing in Wednesday’s post, addition that the index must remain positive to ensure sustained buying pressure.

The return of U.S. demand was also reflected in Bitcoin ETFs, which recorded net inflows of $258 million on Tuesday.

Bitcoin won’t stay disconnected forever: analysis

Bitcoin, which is often viewed as a risky asset in the compact term, has often moved in lockstep with the stock market, especially the S&P 500.

Over the last six months, there has been a period of decline in this correlation. The daily correlation coefficient between the BTC price and the US benchmark index, the S&P 500 Index, is currently 0.32, and for gold -0.45.

“Since the end of August, the price of gold is up +51%, the S&P 500 is up +7% and Bitcoin is down -43%,” onchain data provider Santiment he said in the last post on X.

This marks the weakest correlation between Bitcoin and stocks since the FTX chaos in tardy 2022.

“Historically, when a normally correlated resource breaks off in such a dramatic way, it usually doesn’t stay disconnected forever,” Santiment said, adding:

“In the long run, this unusual separation actually speaks to a significant advantage for Bitcoin and altcoins.”

If Bitcoin returns to its historical pattern of tracking stocks during an economic expansion, “it may have significant room to make up,” Santiment concluded.

This view was shared by the founder and CIO of trading firm QCP Capital, Darius Sit, who argued that the “Bitcoin vs. gold” debate is often misread as a pricing contest when “the more important factor is liquidity and market structure.”

The divergence between stocks and BTC “reflects position expansion and leveraged flows, not a failure of Bitcoin’s long-term narrative,” Sit he saidadding:

“Bitcoin continues to act as a long-term hedge against inflation and an increasingly clear form of hedging.”

As Cointelegraph reports, Bitcoin adoption by institutions, banks, traders, public companies and nation-states has skyrocketed in 2025, confirming that it is a mature asset class for investors.