Kaiko Report: Bitcoin Witnesses Sharp Decline in Correlation With Nasdaq 100

Bitcoin and Nasdaq 100 have had their performance correlating for some time due to the increased interest of institutional investors in crypto. But the recent hike in interests rate and fears of recessions appears to have affected Bitcoin more than tech equities.

The correlation between Bitcoin and Nasdaq 100 reduced this month after reaching a record of .8 last month, according to a new Kaiko report.

[Via]

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