Bitcoin is moving away from the Nasdaq and closer to gold. 👀
$BTC’s 90-day correlation with Nasdaq has fallen from around 60% to 33%, while its correlation with gold has climbed to roughly 50%, per Grayscale.
Bitcoin is starting to trade more like a macro hedge than a tech stock.
$BTC’s 90-day correlation with Nasdaq has fallen from around 60% to 33%, while its correlation with gold has climbed to roughly 50%, per Grayscale.
Bitcoin is starting to trade more like a macro hedge than a tech stock.