TechFlow, April 24 — According to the latest data analysis from CryptoQuant, the correlation between Bitcoin and the S&P 500 Index has decreased from 0.88 at the end of 2024 to the current 0.77, while the correlation with the Nasdaq Composite Index has also dropped from 0.91 in January this year to the current 0.83. Meanwhile, the correlation between Bitcoin and gold is increasing, rising from -0.62 at the beginning of the month to -0.31. Bitcoin's scarcity is similar to that of gold, and it may follow gold's trend.
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