Based on CoinEdition, Bitcoin’s 30-day correlation with the Nasdaq 100 has risen to nearly 0.80, one of the highest readings since the 2022 bear market. This suggests BTC is now moving in a similar direction to major U.S. tech stocks. The five-year average correlation is around 0.54, and Bitcoin shows near-zero correlation with gold, bonds, or cash assets.
Bitcoin's 30-Day Correlation With Nasdaq Hits 2022 High
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