The correlation between bitcoin and tech stocks has reached

Caramba · Newbie Joined: 19 Jan 2021 Posts: 6

The correlation between bitcoin and US tech stocks has reached an all-time high. This assessment is provided by Bloomberg analysts.

The corresponding ratio, averaged over the last 40 days, was 0.66.

A similar trend can be seen in the relationship between bitcoin and the S&P 500 index. According to Reuters analysts, since September, the correlation (60-day moving average) between them has increased from 0.1 to 0.41. They recalled that in 2017-2019 the coefficient was 0.01, according to the calculations of experts from the IMF.

Toxy · Newbie Joined: 19 Jan 2021 Posts: 6

Today, trading cryptocurrency is one of the most profitable ways to earn extra money, which does not require any special efforts. It is enough to have access to the exchange, a few hours of free time and a minimal knowledge base on a given topic. If you have figured out how this happens, then your luck is very close.

AleksShamles · Newbie Joined: 12 May 2022 Posts: 3

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