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TechFlow news, according to CoinDesk, the 40-day correlation between Bitcoin (BTC) and Nasdaq (NDX) has dropped to zero, after previously showing a strong positive correlation.
This suggests that Bitcoin could serve as a portfolio diversification tool, with potential to maintain low correlation with Nasdaq over the coming months.
The 40-day correlation between Bitcoin (BTC) and Nasdaq (NDX) has dropped to zero, after previously showing a strong positive correlation. This indicates that Bitcoin can serve as a portfolio diversification tool and is expected to maintain low correlation with Nasdaq over the coming months.
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