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Bitcoin's 90-day correlation with U.S. stocks rose to 0.17 last week

Bitcoin's 90-day correlation with U.S. stocks rose to 0.17 last week

CointimeCointime2024/05/17 00:28
By:Cointime

Data showed the 90-day correlation between Bitcoin and US stocks rose to 0.17 last week, higher than the multi-year low point of 0.01 recorded in March. Nevertheless, the correlation between Bitcoin and risk assets remains much lower than the bull market high of over 0.6.

0

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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