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Fast Take
In 2022, U.S. equities and Bitcoin had been joined on the hip as a result of unprecedented charge hikes from central banks worldwide.
A powerful correlation occurred till FTX collapsed in November 2022, which noticed Bitcoin diverge with equities. Nonetheless, this was short-lived and never a pure divergence.
As 2023 begins, Bitcoin has continued to diverge away from S&P 500, Dow Jones Industrial Common, and Nasdaq.
At present, Bitcoin is in a detrimental correlation with S&P 500 (-0.38), Nasdaq (-0.21), and DJI (-0.38).
The submit Bitcoin continues to diverge away from U.S. equities, second most uncorrelated interval in over a yr appeared first on CryptoSlate.
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