Bitcoins correlation with U.S. stocks falls to multi-month low
Odaily2024/07/10 12:33
By:Odaily
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Odaily News According to data from The Block, the 30-day Pearson correlation between
Bitcoin and the Nasdaq and Bitcoin and the SP 500 fell to -0.84 and -0.82, respectively, the lowest since November 2023. The Blocks data is consistent with a recent Bloomberg report that the 90-day correlation coefficient between Bitcoin and the Nasdaq 100 fell to 0.21 on Tuesday, a multi-month low.
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