Bitcoin Remains Risk-On Asset Notwithstanding Inflation Hedge, Digital Gold, Uncorrelated Asset Narratives: Report
The correlation of Bitcoin (BTC) to the Nasdaq stands at around 53% and declining. Recently, the S&P and the Nasdaq have stabilized after the late January 2022 selloff, according to an update from BitOoda. As they’ve noted, a large down day in the Nasdaq is… Read More
Read more in: Blockchain & Digital Assets, Global, Strategy | Tagged bitcoin, bitcoin mining, BitOoda, btc, crypto market report, equity markets, hashrate, nasdaq, Research Report, s&p 500, stock market, traditional assets