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Bitcoin correlation with stocks and bonds rises in August

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As institutional investors' interest climbs, BTC's correlation with the traditional financial markets has grown in the last two weeks.

This suggests that, on average, when the prices of U.S. stocks move, there’s a tendency for BTC’s price to move in a similar direction about 40% of the time.

A consideration of BTC’s Fund market premium metric revealed an uptick in investor eagerness over the past 30 days to put their money in investment assets that derive their price from the coin’s price movements. This could be due to several factors, such as the fund’s performance, investment strategy, or overall market sentiment.

A look at Bitcoin’s Coinbase Premium Index revealed a steady decline into the negative territory during the period under review, data from CryptoQuant showed.

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