The cryptocurrency community is buzzing with excitement amid speculation about the nascent asset class decoupling from the U.S. stock market. 

Alex Thorn, head of research at Galaxy, has noted that Bitcoin and gold were both in the green while U.S stocks and the Nasdaq-100 index were in the red. 

Dave Portnoy of Barstool Sports also commented on the encouraging trend in a post on the X social media network.

Ironically, crypto started recoupling with U.S. stocks right after Portnoy's comment as stocks extended losses. 

Bitcoin is currently changing hands at $86,961 after reaching an intraday high of $88,260. Still, the cryptocurrency is up by nearly 3% over the past 24 hours.