Bitcoin’s Correlation to Big Tech Near Lowest Since 2021
- Correlation coefficient with Nasdaq slip as tech shares rise
- The bank collapses in March may have contributed to decoupling
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Bitcoin has been moving less in tandem with tech stocks as sentiment around equities and cryptocurrencies diverges.
The world’s largest cryptocurrency has been stuck below the $27,000 level this week, while the tech-heavy Nasdaq 100 has climbed 3.5%.