Business Maverick: Crypto rues Bitcoin’s decoupling from AI-fuelled tech stock gains
A 30-day correlation coefficient for Bitcoin and the tech-heavy Nasdaq 100 is around 0.2 versus 0.8 in May 2022. A reading of 1 indicates assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions. Digital-asset investors delighted in crypto’s waning tie with shares earlier in the…
bubmagJune 1, 2023