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Bitcoin's Correlation With U.S. Stocks Falls to Multi-Month Lows

Bitget2024/07/10 12:36

Bitcoin's 30-day Pearson correlation with the Nasdaq and Bitcoin's 30-day Pearson correlation with the SP 500 fell to -0.84 and -0.82, respectively, lows since November 2023, according to The Block.The Block's correlation data is in line with a recent Bloomberg report, which said that Bitcoin's 90-day correlation coefficient fell to 0.21 on Tuesday, a multi-month low.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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