Bitcoin’s correlation with the tech-heavy Nasdaq 100 collaps

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Bitcoin’s correlation with the tech-heavy Nasdaq 100 collapsed to just 3% in June, hitting its lowest level in nearly three years. Bitcoin outperformed tech equities this month jumping by nearly 14% while the Nasadq 100 is up only 3%. Overall, its correlation with traditional risk assets has steadily weakened this year from an average of 60% in 2022. #bitcoin #crypto2023

Bitcoin’s correlation with the tech-heavy Nasdaq 100 collapsed to just 3% in June, hitting its lowest level in nearly three years. 
Bitcoin outperformed tech equities this month jumping by nearly 14% while the Nasadq 100 is up only 3%.  Overall, its correlation with traditional risk assets has steadily weakened this year from an average of 60% in 2022.
#bitcoin  #crypto2023  

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