TOBA / INDONESIA/ WAM UAE boats delivered a remarkable performance in the sprint races of ...
Read More »Bitcoin morphs back into risk asset as stock correlation climbs
Bloomberg Speculative stocks had a rough day, as did Bitcoin and other cryptocurrencies. To some market-watchers, that’s no coincidence. The 100-day correlation coefficient of Bitcoin and the S&P 500 stands at 0.33, among the highest readings of the year. That means that when stocks move up, Bitcoin is likely to do the same, and vice versa. (A coefficient of 1 ...
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