🪙 #BTC CQ: BTC's correlation with the S&P 500 reached 0.88 at the end of 2024 and has now fallen to 0.77. The correlation with the Nasdaq Composite has fallen from January's 0.91 to the current 0.83. Interestingly, BTC's correlation with gold is rising, increasing from a coefficient of -0.62 at the beginning of the month to the current -0.31. If the correlation continues, gold could act as a leading indicator for BTC.

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