June 29 (Cointime) - Data from Kaiko shows that Bitcoin's correlation with the Nasdaq dropped to 3% in June, indicating a divergence in sentiment between cryptocurrencies and tech stocks.

BlackRock's spot Bitcoin ETF filing on June 15 was a bullish catalyst, leading to a new year-to-date high of $31,440 some eight days later. Since then, Bitcoin has been trading in a narrow band between $29,860 and $31,030, falling 3% since its YTD high on June 23.

Meanwhile, the tech-heavy Nasdaq 100 has been in a continuous uptrend since the start of the year, reaching a YTD high of $15,230 on June 16.