The 30-day correlation between Bitcoin and the MSCI Global Stock Index has approached -0.2.
2024-07-25 07:07:09
The 30-day correlation between bitcoin and the MSCI Global Equity Index has approached -0.20, and has been largely positive since 2020. A coefficient of 1 indicates synchronized asset movements, while a negative 1 indicates an inverse relationship between the two. Bitcoin has recently shown a clear divergence from global equities, with the MSCI Global Equity Index up 12% year-to-date.
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