Bitcoin’s gains have for the most part dovetailed with traditional markets. On Monday, the Dow Jones Industrial Average rose 0.09%. The tech-heavy Nasdaq Composite Index, meanwhile, fell 0.10% and the S&P 500 slipped 0.12%. Correlations between BTC and the three indexes remain above 0.60, indicating a strong relationship between BTC price movements and stocks.
Related posts
-
Altcoin Market Decline Hits Final Act, Bottom Expected: Analyst
Este artículo también está disponible en español. After enjoying a mini price run in the last... -
Bitcoin Price (BTC) Rises Above $70K, Continuing to Outperform Ether (ETH)
Recently roughed-up bitcoin miners like Marathon Digital (MARA), Riot Platforms (RIOT) and Hut 8 (HUT) were... -
MicroStrategy’s (MSTR) Ambitious $42B Bitcoin (BTC) Acquisition Plan is Not Without Risks, CoinShares Says
The report said MicroStrategy is also “tied to its bitcoin holdings,” adding that there is a...