Bitcoin (BTC) Correlation to NASDAQ Increased to 57%, Now a Sustained Reversal of Risk-off Trade Last Week: Report
The correlation of Bitcoin to the Nasdaq is currently ~57%, “climbing over the past week,” according to an update from BitOoda. As the team at BitOoda had noted this past week, the Russian invasion of Ukraine led to “a large sell off that reversed faster… Read More
Read more in: Blockchain & Digital Assets, Global, Politics, Legal & Regulation, Strategy | Tagged BitOoda, crisis, crypto market report, Digital Gold, europe, global crisis, gold, hashrate, nasdaq, research, Research Report, russia, sanctions, ukraine, united states, us, us dollar, us treasuries