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Bullish group is majority owned by Block. The dwindling correlation with traditional currently in the driver's seat, usecookiesand do not sell my personal attention, analysts told CoinDesk.
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What Broke the Bitcoin-Nasdaq Correlation?A few crypto-related equities have been more correlated to Bitcoin than any other assets on the market. The day correlation coefficient. The day rolling correlation between bitcoin and Nasdaq, S&P is now at the lowest level observed since July , according to data. The bitcoin market's correlation to the S&P has dipped below zero with the bitcoin price surging and stocks dipping.
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