According to Mihir (@RhythmicAnalyst) on Twitter, the NASDAQ index confirmed its bottom on April 6th and has since been following a consistent upward trend as projected. This clear trajectory in the tech-heavy NASDAQ index signals renewed investor confidence in risk-on assets, which historically influences positive sentiment and capital flows into major cryptocurrencies like Bitcoin and Ethereum. Crypto traders should monitor the sustained recovery in NASDAQ as a key indicator for potential bullish momentum in the digital asset market, given the close correlation between tech stocks and crypto performance (source: Twitter/@RhythmicAnalyst, May 8, 2025).