📈Correlation Index
From the chart, the current value of Bitcoin's correlation with Nasdaq is close to +0.5
This indicates a moderate positive correlation, not close to 1 or 0, but tends to move in the same direction as Nasdaq
On the other hand, the correlation with gold and bonds is closer to zero or weakly negative
📝Nasdaq is a U.S. stock market that includes the largest 100 companies such as Tesla, Amazon, and Google, most of which are technology companies
