I've recently noticed that the correlation between Bitcoin and the Nasdaq is getting stronger.


At the same time that tech stocks are being sold off, cryptocurrencies are also declining together.

Gold's decline might be one of the reasons.
It feels like the entire risk asset class is entering a correction phase.
In the past, Bitcoin moved independently, but lately, its correlation with the stock market has been increasing.

Maybe this is because institutional investors have increased.
Anyway, by watching the movements of the technology sector now, it has become easier to predict the direction of cryptocurrencies.
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