(5/24, Tue) btc fell -4.0% even though the Nasdaq rose 1.59%

Yesterday(5/23 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $30268, its lowest as $28819, its highest as $30632, its closing as $29058. Bitcoin declined weakly after the start of Monday, then reversed and reached a high at 06:26, after which it moved sideways around $30,500 and started to decline from 17:00, reaching a low below $29k and ending -4.0% down.

Looking at the 4hr chart, Bitcoin, which knocked on the top of the box range at the beginning of the day, was pushed back down, and in the second half of the day, decoupling occurred in which Bitcoin fell even though the Nasdaq was rising, confusing market participants for a while. And on the daily chart, btc has been showing a sideways trend over the past 10 days, and it seems to be in a precarious situation.

There is news in the crypto industry, it is said that the International Monetary Fund(IMF) is in talks with the El Salvador government for technical and financial support for the introduction of a Bitcoin fiat currency. The IMF has criticized El Salvador's adoption of the Bitcoin fiat currency, is trying to prevent it from spreading to other countries, but contrary to that effort, it seems that the IMF's stance has changed from unconditional opposition to support through funding to make it surrender.