We don't have that safe haven characteristic right now from the way it's trading as an asset.

But we do have an asset that's trading differently from the other asset classes.

And that, to me, is opportunity.

It's opportunity to have diversification through Bitcoin and the altcoins.

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Hey, everyone, you're watching Markets Outlook on CoinDesk.

I am Jen Sanasi.

Bitcoin and Ether are kicking off 2026 with a tuck ofwar between short-term momentum and long-term hurdles.

After a powerful start to the year, the crypto majors are hitting key technical crossroads

that could define the next several months of price action.

Joining us now to navigate what's to come is Katie Stockton founder and managing partner of Fairlead Strategies.

Hi, Katie.

Good morning, Jen.

All right. Let's talk about what's going on in the markets this morning. I often start by asking our guest what you're watching, a very broad question, but I want to start here and then we can talk

a little bit about what you're watching, what's keeping you up at night. You know, Bitcoin is really

trailing traditional

safety assets like gold and silver. I think gold recently hit a record of over $4,600 an ounce.

Silver also hit an all-time high. What is this telling you about where we are?

It has been interesting to attract the correlations lately. We for a while had seen Bitcoin very highly correlated to the NASDAQ 100 index. That correlation isn't always the case. It's somewhat cyclical in and of itself. So we don't rely on it, but it does at times inform our biases. And we think of Bitcoin as trading more often like a risk asset

...