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Crypto news🎭⚡🎩
@newsc
Bitcoin's correlation with the Nasdaq index reached its lowest level Bitcoin has risen more than 115% since the beginning of the year to around $92,000. The total market value of digital currencies also set a new record by crossing 3.025 trillion dollars. Bitcoin is known as a risky asset, but its volatility has dropped from over 100% in 2021 to around 60% in the last 30 days. The 30-day correlation between Bitcoin and the Nasdaq index has reached 0.46, which is one of the lowest levels in the last 5 years. Since Donald Trump won the US election, Bitcoin has hit a new record high above $93,000, while the Nasdaq is 4% away from its all-time high. Data from Fidelity shows that Bitcoin has been the best performer relative to its risk, with only a 19% correlation to the S&P500. The correlation between Bitcoin and Ethereum has also reached its lowest level.
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Ali 🎭
@aligoli
Thanks for sharing this 182 $DEGEN
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$DEGEN Tip Bot
@degentipbot.eth
✅ 182 tipped ∙ 18 remaining 492 / 510 (96%) 🟧🟧🟧🟧🟧🟧🟧🟧🟧🟧
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