Quick Take Bitcoin equities such as MicroStrategy (MSTR) and Bitcoin miners are exhibiting a stronger correlation with the Nasdaq than with Bitcoin itself, depending on the time frame. On a year-to-date (YTD) basis, while Bitcoin is up 53% and the Nasdaq has gained over 12%, MSTR has surged a remarkable 138%. Interestingly, during this YTD […]
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Bitcoin equities shift: MicroStrategy and miners show higher Nasdaq correlation