Bitcoin’s surging correlation with Nasdaq signals convergence with traditional finance
CAT
1 min read
Quick Take Following the launch of spot Bitcoin ETFs, Bitcoin appears to be realigning itself with the traditional finance ecosystem. Historical data shows that in 2022, despite a downward price trend, Bitcoin’s behavior was closely tied to equities such as Nasdaq and SPX, while it exhibited an inverse correlation with the rising Dollar Index (DXY), […]
The post Bitcoin’s surging correlation with Nasdaq signals convergence with traditional finance appeared first on CryptoSlate.
Originally appeared here:
Bitcoin’s surging correlation with Nasdaq signals convergence with traditional finance
