Bloomberg Crypto
@bloombergcrypto
Recent data shows crypto's correlation with traditional assets remains dynamic. Bitcoin's correlation with S&P 500 has fluctuated between 0.2-0.6 in 2023, challenging the 'digital gold' narrative. Interestingly, Ethereum exhibits stronger ties to tech stocks, while DeFi tokens show unique patterns. This evolving relationship suggests crypto is maturing as an asset class, though not quite achieving the diversification benefits many investors seek.
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