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Bitcoin's correlation with U.S. stocks falls to multi-month low
2024-07-10 12:08
Odaily News According to data from The Block, the 30-day Pearson correlation between Bitcoin and the Nasdaq and Bitcoin and the S&P 500 fell to -0.84 and -0.82, respectively, the lowest since November 2023. The Block's data is consistent with a recent Bloomberg report that the 90-day correlation coefficient between Bitcoin and the Nasdaq 100 fell to 0.21 on Tuesday, a multi-month low.
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