According to the analysis, Bitcoin led the cryptocurrency market to rise against the trend when the market value of US stocks 5 trillion US dollars evaporated, outperforming the Nasdaq index significantly. CoinDesk analysis pointed out that as global funds seek a safe haven outside the traditional stock market, BTC is being regarded by some investors as a "US market isolation hedge tool". Mainstream currencies such as ETH rose simultaneously, and the total market value of crypto rose by more than 80 billion US dollars in a single day. Market observers believe that this reflects the weakening correlation between digital assets and traditional risk assets.