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coinpedia 2023-07-05 10:15:13

Crypto News: Bitcoin’s Correlation with Nasdaq and S&P 500 Hits Lowest Level Since July 2021

The post Crypto News: Bitcoin’s Correlation with Nasdaq and S&P 500 Hits Lowest Level Since July 2021 appeared first on Coinpedia Fintech News In a surprising twist, renowned crypto analytics firm Block Scholes has revealed that Bitcoin’s fate is no longer tied to U.S. stock market sentiment. According to Block Scholes’ data, the 90-day rolling correlation between Bitcoin’s spot price and the Nasdaq and S&P 500 indices has plummeted to near zero. This is the lowest level observed …

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