Analysis: BTC has a strong negative correlation with US stocks, which may enhance its diversified asset attributes

Odaily News Recent data shows that the correlation between Bitcoin (BTC) and U.S. stocks is weakening, which may enhance its appeal as a safe-haven asset and portfolio diversification tool, making the market feel that Bitcoin is more like a "diversification asset" rather than a safe-haven asset.
The analysis pointed out that although Bitcoin is still affected by macroeconomic factors, its linkage with traditional risk assets has declined. In addition, institutional investors' interest in Bitcoin continues to grow, and some companies have included it in their balance sheets. Experts believe that as market confidence in US dollar assets fluctuates, Bitcoin may play a greater role in investment portfolios. (Cointelegraph)