Bitcoin set for best week since September 2025 as tech correlation weakens

Bitcoin is on track to close its strongest week since September 2025, rising about 8.5% and trading above $71,000. Since the Middle East conflict began, it has outperformed equities and gold as institutional inflows return and broader market sentiment remains cautious.

Using BlackRock’s iShares Bitcoin Trust (IBIT) as a five-day proxy, IBIT is up roughly 3.5% and approached a one-month high on Friday. In contrast, the iShares Expanded Tech Software ETF (IGV), gold and U.S. equities trended lower, suggesting bitcoin is starting to lose its strong short-term correlation with software and tech.

Over the two-plus weeks since the conflict started, bitcoin gained roughly 13% while IGV rose about 3%, gold fell around 6% and U.S. equities posted losses. On a monthly basis bitcoin is up about 7% so far in March — its first positive month since September after five negative months in which it fell as much as 50% from its October all-time high — and U.S.

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