🪙 #BTC CQ: The correlation of BTC 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 decreased from 0.91 in January to the current 0.83. Interestingly, the correlation of BTC with gold is increasing, going from a coefficient of -0.62 at the beginning of the month to the current -0.31. If this trend continues, gold could act as a leading indicator for BTC.

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