Bitcoin's relationship with US stocks has fallen to a five-year low
2024-11-18 11:14:21
The data shows that in 2024, Bitcoin and the Nasdaq index will only move in the same direction by 52%, and the 30-day correlation will drop to 0.46, one of the lowest levels in the past five years. According to Fidelity data, Bitcoin's correlation with the S & P 500 index is only 19%, and the Sharpe ratio is the best performance among major asset classes.
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