amelia_miller_designer
Fri Jul 05 2024
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7 answers
1481
What is the correlation between Bitcoin and NASDAQ 100?
Could you elaborate on the potential correlation between Bitcoin, the leading cryptocurrency, and the NASDAQ 100, a benchmark index representing some of the largest non-financial companies listed on the NASDAQ stock exchange? Have there been any observable trends in their price movements? Does one tend to follow the other, or are their movements more independent? Could changes in the NASDAQ 100 influence investors' sentiment towards Bitcoin, or vice versa? Understanding the interplay between these two markets could be valuable for investors looking to diversify their portfolios across traditional stocks and cryptocurrencies.
