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Bitcoin World 2024-09-11 12:18:13

Bitcoin Correlates with Nasdaq than Gold, Says CryptoQuant Analyst

Bitcoin Correlates with Nasdaq: According to Julio Moreno, Head of Research at CryptoQuant, Bitcoin’s recent price movements are more closely aligned with the Nasdaq index than with gold. In a recent post on X (formerly Twitter), Moreno highlighted that Bitcoin (BTC) currently has a 30-day correlation of +0.39 with the Nasdaq, while its correlation with

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