Bitcoin is recoupling with tech stocks to the delight of crypto devotees

What’s good for equity investors appears to be beneficial again for cryptocurrency enthusiasts, with Bitcoin rebuilding its correlation with technology stocks. After a breakdown in the directional relationship between the two asset classes in June, the largest digital currency is back to mirroring the price moves of surging Nasdaq 100 Index.

4 versus negative 0.1 or so in June and July. A reading of 1 indicates assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions. Back in the pandemic era of huge stimulus both crypto and tech stocks surged in tandem. Correlations between Bitcoin and a variety of traditional assets weakened in the wake of a 2022 crash in virtual coins that ended up diminishing investor interest in the market. Bitcoin gained for a third consecutive day, rising as much as 2.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

With a Barbie boost, Birkenstock to step onto stock marketWhen actress Margot Robbie swapped high heels for pink Birkenstocks in hit summer movie 'Barbie', it illustrated how the sandals have transformed from unglamorous, practical footwear to a highly-coveted fashion item. - Beloved by VIPs - Margot Robbie was just the latest celebrity to be seen sporting a pair of now ultra-trendy Birkenstocks.
Fuente: brieflyza - 🏆 10. / 68 Leer más »

5 Apps You Can Trade Nigerian Stocks - IT News Africa | Business Technology, Telecoms and Startup NewsIn recent years, the Nigerian stock market has seen substantial growth, attracting both local and international investors.
Fuente: ITNewsAfrica - 🏆 27. / 59 Leer más »