Odaily Planet Daily News: As the market once again grows optimistic that borrowing costs may soon fall, supporters of the largest market value cryptocurrency say Bitcoin is more similar to high-growth assets such as technology company stocks. The 90-day correlation coefficient between digital currencies and the tech-heavy Nasdaq 100 index reached 0.46 this week, the highest level in nearly 9 months. A correlation coefficient of 1 means that assets move in sync, while negative 1 indicates that they move in opposite directions. After the Federal Reserve began raising its target rate for overnight interbank loans in early 2022, the correlation jumped to more than 0.8. (Bloomberg)