07:57
Wintermute: The correlation between Bitcoin and the Nasdaq index remains high, around 0.8.
ChainCatcher news, Wintermute tweeted, "Bitcoin is still correlated with the stock market, but this correlation only appears during market downturns. The correlation coefficient remains high at around 0.8, but Bitcoin's reaction to the Nasdaq index's decline is stronger than its response to increases. This negative performance shift has reached levels not seen since the end of 2022, while the current price hovers near historical highs."
BTC-1.88%

