1Bitcoiner.com on Nostr: 12 Jul 24 - 📊 Bitcoin's correlation with US stocks has flipped! New data shows ...
12 Jul 24 - 📊 Bitcoin's correlation with US stocks has flipped! New data shows BTC's correlation with Nasdaq 100 and S&P 500 at -0.78 and -0.83. While Nasdaq 100 and S&P 500 are up 7% and 4%, Bitcoin is down 15%. Factors like miner sell-offs and German government sales are in play.
Published at
2024-07-11 16:28:12Event JSON
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"content": "12 Jul 24 - 📊 Bitcoin's correlation with US stocks has flipped! New data shows BTC's correlation with Nasdaq 100 and S\u0026P 500 at -0.78 and -0.83. While Nasdaq 100 and S\u0026P 500 are up 7% and 4%, Bitcoin is down 15%. Factors like miner sell-offs and German government sales are in play.",
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