This is BTC correlation with Nasdaq, almost the entire year it stayed up closer to 1 than to half a point and din;t go blow zero till the very end finally diverging.
Hey, what's going on with Bitcoin? I thought BTC was correlated with Nasdaq but is currently up 18% over weekend while Nasdaq is flat since Friday!
It's almost like Bitcoin is correlated with Nasdaq until it's no longer correlated with Nasdaq...
Bitcoin could de-correlate at any point like it has in the past.
PS - Still waiting on an explanation as to why Bitcoin has performed better during high inflation than in past bear markets
