Bitcoin Is Trading Like a Tech Stock, Not 'Digital Gold'
BTC's 30-day correlation with the Nasdaq is at its highest level since July 2020. Its correlation with gold is at a low point.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
This Nasdaq-listed Bitcoin treasury diluted shareholders 18-fold to survive a $212 million crypto loss without selling its stash
GD Culture Group reported a $211.8 million first-half unrealized Bitcoin loss on its holdings while its split-adjusted share count...
PancakeSwap v3 hosts $3B in spot DEX trading volume for tokenized stocks
The rapid growth of tokenized stocks on DEXs like PancakeSwap v3 signals a shift towards 24/7 trading and increased financial acce...
Perpetual Futures Now Rule Crypto Trading as Volumes Sink to a 31-Month Low
Perpetual futures are winning the crypto market, but the prize is smaller than it was a year ago. Stocks, indexes, gold and pre-IP...
Spot DEXs on Solana see $5.8B in trading volume for tokenized stocks
Solana's dominance in tokenized stock trading highlights the potential for decentralized finance to revolutionize global equity ma...
XRP Price Prediction: XRP Risks $0.97 as Price Remains Trapped Below Key EMAs
The weakness has left the XRP price vulnerable to another decline, with technical levels around $0.99 and $0.97 emerging as import...
Slowing ETF demand and corporate treasury selling are breaking the math behind Wall Street’s $16 trillion Bitcoin target
Bitcoin market cap must rise to ARK Invest's roughly $16 trillion 2030 base case, requiring about 78.6% annual growth from the cur...