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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: trendcoin on April 23, 2022, 08:47:57 PM

Title: Nasdaq has dotcom crash 'deja vu' says trader as Bitcoin correlation rises
Post by: trendcoin on April 23, 2022, 08:47:57 PM
"Deja vu all over again"
Bitcoin has shown itself to be highly correlated to U.S. equities this year. In particular, BTC/USD recently became attached to the NDX, which has not passed by some of the industry's best-known names.

Calling it "deja vu all over again," he uploaded a chart showing the structural similarities.

(https://s3.cointelegraph.com/uploads/2022-04/e71dfb82-bebb-4041-ad82-841f696b07c4.png)
https://cointelegraph.com/news/nasdaq-has-dotcom-crash-deja-vu-says-trader-as-bitcoin-correlation-rises

The Nasdaq correlation is remarkable. Many people draw attention to this correlation. Peter Brandt also touched on this issue.