Bitcoin's correlation with the U.S. stock market has fallen to a multi-month low
2024-07-10 12:05:49
The Block data shows that the 30-day Pearson correlation between bitcoin and the Nasdaq index and bitcoin and the S & P 500 index fell to -0.84 and -0.82, respectively, the lowest since November 2023. The Block data is consistent with a recent Bloomberg report that said the 90-day correlation between bitcoin and the Nasdaq 100 index fell to 0.21 on Tuesday, a multi-month low.
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