The post Crypto News: Bitcoin’s Correlation with Nasdaq and S&P 500 Hits Lowest Level Since July 2021 appeared first on Coinpedia Fintech News
In a surprising twist, renowned crypto analytics firm Block Scholes has revealed that Bitcoin’s fate is no longer tied to U.S. stock market sentiment. According to Block Scholes’ data, the 90-day rolling correlation between Bitcoin’s spot price and the Nasdaq and S&P 500 indices has plummeted to near zero. This is the lowest level observed …