Are Bitcoin Price And Equities Performance Correlated? Today

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The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

The two assets have been trading in a very correlated fashion since the start of the new year. With the stock market open this morning, both assets sold off in tandem, with bitcoin bouncing first with equities following, which serves as a strong sign for bitcoin investors.

Currently the rolling one-month correlation between the two assets is +46.7%.

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