02:50
The correlation between Bitcoin and US tech stocks has risen to a high level.
The correlation between Bitcoin and US tech stocks has risen significantly, especially with the 30-day correlation to the Nasdaq 100 index reaching about 0.80, the highest since 2022. The correlation with cash and gold is almost zero, indicating that the Bitcoin market's performance is increasingly resembling that of leveraged tech stocks.
BTC-0.42%

