Bitcoin (BTC) has rallied practically 50% within the first seven weeks of the 12 months, reaching a six-month excessive of $24,900, with exterior forces just like the sentiment in conventional markets largely supportive. Lately, the crypto market and Wall Avenue’s tech-heavy Nasdaq index have grown resilient to the Federal Reserve’s (Fed) angst and the ensuing uptick in Treasury yields. Bitcoin’s 90-day correlation coefficient with Nasdaq has elevated to 0.75, indicating the 2 property are transferring in tandem.
