Bitcoin continues to move in lockstep with the Nasdaq to S&P 500 ratio. The positive correlation suggests bitcoin is still a risk asset.
Source
Bitcoin's Tight Correlation With Tech Stocks Muddies Safe Haven Narrative
Related posts
-
Coin Metrics: New Tech Reshapes Bitcoin Mining Landscape Amid Post-Halving Hangover
The 2024 bitcoin halving event sparked major changes in the mining scene, according to the latest... -
Web2 Wake-up Call: 71% of Users Feel Entitled to Share of Big Tech Profits
A recent survey by Consensys and Yougov reveals that... -
Blackrock Compares Bitcoin to ‘Magnificent 7’ Stocks: The Next Big Allocation Play
Blackrock has emphasized bitcoin’s growing portfolio significance, recommending a measured allocation strategy akin to mega-cap tech...
