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The fate of Bitcoin (CRYPTO: BTC) appears to be disengaging from the mood swings of the U.S. stock markets. The 90-day rolling correlation between the fluctuations in Bitcoin's spot price and the changes in the Nasdaq and S&P 500, two key U.S. equity indices, has dropped to nearly zero.
Analysts expect the U.S. dollar to continue gaining ground in the near-term, keeping risk assets under pressure.
Bitcoin resumed its push back towards $30 000 as investors downplayed a widening regulatory crackdown.
(CTN News) - Bitcoin has risen to heights not seen in roughly nine months due to turmoil in the financial sector, hotter-than-expected inflation figures, and
If Bitcoin were still trading like it did for much of 2022, the token would have slumped alongside US stocks.