Reported about 7 hours ago
Bitcoin's correlation with US tech stocks has reached a two-year high, suggesting that the reaction of the equity market to upcoming inflation data will influence digital assets. With the Nasdaq 100 Index correlation hitting about 0.70, investors are cautious as inflation pressures rise amid a strong US economy and impending policy changes from President-elect Trump. Trading activity indicates increased hedging against potential volatility before the inauguration.
Source: YAHOO