According to Golden Finance, analysts believe that as the US $5 trillion market value evaporated, Bitcoin led the cryptocurrency market to rise against the trend and performed significantly better than the Nasdaq Index. CoinDesk analysis pointed out that as global funds seek safe havens outside traditional stock markets, BTC is being regarded as a "U.S. market quarantine hedging tool". Mainstream currencies such as ETH rose simultaneously, and the total market value of cryptocurrencies rebounded by more than US$80 billion in a single day. Market observers believe this reflects that the correlation between digital assets and traditional risky assets is weakening.