Bitcoin price relationship to NASDAQ

I find a relationship in the price movement of bitcoin with NASDAQ - it is an American Stock Exchange. it is the second largest exchange in the world for technology stock index. The acronym National Association of Securities Dealers Automated Quotations .

So watching the NASDAQ index rise and fall has an inherent relationship with price movement of Bitcoin.

I wish if somebody has some comments on it, please throw some light on it for the benefit all

Regards
shaji