MYOBTC on Nostr: #Bitcoin close to breaking correlation with $NASDAQ! "The 30-day correlation ...

#Bitcoin close to breaking correlation with $NASDAQ!

"The 30-day correlation coefficient, which measures how closely the two assets' price movements are linked, has fallen to around 0.2, down from 0.8 a year ago.

This suggests that Bitcoin's price moves are now less aligned with those of tech stocks."

Source: https://u.today/bitcoins-break-from-nasdaq-rally-why-this-matters